Although the National Australia Bank said that its business confidence index remained unchanged, Friday's solid U.S. employment report still supports the greenback, making it more attractive for investors. In this environment, AUD/USD moved lower and slipped below 0.7900 earlier today. Will we see the exchange rate at 0.7800 in the coming week?

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Earlier today, the Department of Labor reported that the U.S. economy added 223,000 jobs in April, slightly below expectations for an increase of 224,000. The report also showed that the U.S. unemployment rate slipped to 5.4% in the previous month from 5.5% in March. These positive numbers supported the USD Index, which climbed above 95, but did this increase change the short-term picture of major currency pairs?

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Yesterday’s disappointing data on U.S. private sector jobs growth pushed the USD Index below 94. As a result, EUR/USD broke above important resistance zone, opening the way to higher levels. How high could the exchange rate go in the coming days?

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Earlier today, the ADP report showed that non-farm private employment increased only by 169,000 in April, missing expectations for an increase of 200,000 and fuelling worries over the strength of the U.S. labor market. Thanks to these disappointing numbers the USD/CHF dropped below long-term support line. Is it enough to push the pair below 0.9100 in the coming days?

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Earlier today, the Reserve Bank of Australia cut interest rates by 0.25% to a record-low 2.00%. Additionally, the Australian Bureau of Statistics showed that the country's trade deficit narrowed to A$1.32 billion this month. Thanks to these circumstances, AUD/USD invalidated earlier breakdown and rebounded sharply, erasing almost 40% of the recent decline. Will we see a test of the Apr high in the coming week?

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