Official data showed that the number of employed people in Australia declined by 4,800 in the previous month, contrary to expectations of a 10,000 rise. Thanks to these disappointing numbers, the Australian dollar declined against its U.S. counterpart, reaching an important medium-term support. Later in the day, AUD/USD rebounded from here, supported by mixed U.S. economic data. As a result, the pair broke above the resistance zone, but is the situation as bullish as it seems at the first glance?

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Today, the common currency extended losses and approached the four-month low against the greenback as higher U.S. Treasury yields continued to weigh. Thanks to these circumstances, EUR/USD re-tested the strength of the medium-term support line. Will it withstand the selling pressure?

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Today, the common currency continued to move lower against the greenback as Treasury yields in the U.S. continued to rise. In reaction to this, EUR/USD declined below 1.3600 and reached important support lines. Will they stop currency bears?

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In today’s Forex Trading Alert we have decided to take a step back from our daily coverage of selected currency pairs (basically, what we wrote in the latest big alert that was posted on Friday remains up-to-date) and focus on the index that quite often decides where many pairs will move – the USD Index.

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The greenback moved higher against major currencies after the U.S. Labor Department reported that the economy added 217,000 in May, missing slightly expectations for a 218,000 gain. The private sector added 216,000 jobs last month, beating expectations for a 210,000 increase. The report also showed that the U.S. unemployment rate remained unchanged at 6.3% last month, compared to expectations for a rise to 6.4%. As a result, EUR/USD hit a 17-week low, GBP/USD invalidated the breakout , while AUD/USD reversed to its medium-trm support. How did these numbers influenced technical picture of other major currency pairs?

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