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Trade Setups in USD-pairs Around April US NFPs

Trade Setups in USD-pairs Around April US NFPs

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- EURUSD restests daily 8-EMA, support since April 23.

- AUDUSD, USDCAD immersed in triangle consolidations.

- See the May forex seasonality report.

The components of the USDOLLAR Index aren't moving in lockstep, offering multiple opportunities for trade depending on today's jobs report outcome. See the above video for technical considerations in EURUSD, GBPUSD, AUDUSD, USDCAD and USDJPY.

Read more: Outside Influences Weigh Heavily on FX Markets

--- Written by Christopher Vecchio, Currency Strategist

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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