Although the Westpac Banking Corporation reported earlier today that consumer sentiment in Australia dropped 6.9% this month, AUD/USD moved higher and re-approached its major resistance zone. Will we see further improvement in the coming days?

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Although EUR/USD moved sharply lower yesterday, the exchange rate reversed and erased some of earlier gains as uncertainty over Greek debt negotiations weighed on investors’ sentiment. Will we see further deterioration in the coming days?

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On Friday, the Labor Department showed that the U.S. economy added 280,000 jobs in May, beating analysts’ forecast for 225,000. Thanks to this solid data GBP/USD declined sharply and re-tested Jan lows. Will we see a double bottom or further declines?

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Earlier today, the USD Index extended yesterday’s gains as initial jobless claims report continued to support the U.S. currency. Will today’s U.S. nonfarm payrolls report give the greenback an additional support? Before we know the answer to this question, let’s take a closer look at the current picture of our six currency pairs.

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Earlier today, the U.S. Department of Labor reported that the number of initial jobless claims in the week ending May 30 declined by 8,000 to 276,000, beating analysts’ expectations for a 5,000 drop. Thanks to these positive numbers, EUR/USD declined and invalidated earlier breakouts. What impact could it have on future moves?

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