US dollar index collapsed ahead of the Non farm payroll, unexpectedly breaking support at 103.90/70 & taking out the lows for the previous 5 days.

However on Friday we reversed & shot higher through first resistance at 103.80/104.00 so this was a bit of a non sense.

Key resistance at 104.00/104.10. So holding above here is a buy signal & holding below here is a sell signal for the start of this week. Obviously bulls need a break above last week's high at 104.70 for another buy signal this week.

We should have strong support at 103.35/25.

AUDUSD totally confusing as we race back above what should have been resistance at the March & May low. I have no idea what to suggest at this stage.

NZDUSD strong resistance at 6135/45. shorts need stops above 6165.

Targets: 6090, 6050.

USDCHF shorts at resistance at 9120/40 worked, taking profit at 9080.

Resistance again at 9120/40 but shorts need stops above 9160. A break higher is a buy signal, as long as we then hold above 9140/20 targeting 9180, 9220 & 9280.

 

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