Daily Forex Analysis - 3th September 2021

USD Overview (03 September 2021)

Yesterday, USD weakened against all major currencies.

The Nonfarm Payroll jobs data will be released later at 2030 (GMT+8).

- Average Hourly Earnings m/m (Forecast: 0.3%, Previous: 0.4%)

- Non-Farm Employment Change (Forecast: 750K, Previous: 943K)

- Unemployment Rate (Forecast: 5.2%, Previous: 5.4%)

Also, the ISM Services PMI data (Forecast: 61.6, Previous: 64.1) data will be released later at 2200 (GMT+8).

NZD/USD Outlook (03 September 2021)

Overall, NZD/USD is ranging across. Recently, NZD/USD trended into the resistance zone of 0.71000.

Currently, NZD/USD is testing the resistance zone of 0.71000 and the next support zone is at 0.69500.

Look for short-term buying opportunities of NZD/USD if it breaks the resistance zone of 0.71000.

AUD/USD Outlook (03 September 2021)

Overall, AUD/USD is ranging across.

The Australian Retail Sales m/m data (Forecast: -1.9%, Previous: -2.7%) will be released later at 0930 (GMT+8).

Currently, AUD/USD is testing to break above the key level of 0.74. Its next support zone is at 0.73300 and the next resistance zone is at 0.75000.

If AUD/USD breaks above the key level of 0.74, look for short-term buying opportunities up until the release of the U.S. jobs data later at 2030 (GMT+8).

USD/JPY Outlook (03 September 2021)

Overall, USD/JPY is ranging across.

Currently, USD/JPY is testing to break below the key level of 110. Its next support zone is at 108.800 and the next resistance zone is at 110.800.

If USD/JPY bounces up from the key level of 110, look for short-term buying opportunities up until the release of the U.S. jobs data later at 2030 (GMT+8).

EUR/USD Outlook (03 September 2021)

Overall, EUR/USD is ranging across.

Currently, EUR/USD is moving towards the next resistance zone of 1.19000 and the next support zone is at 1.17600.

If EUR/USD breaks the resistance zone of 1.19000, look for short-term buying opportunities up until the release of the U.S. jobs data later at 2030 (GMT+8).

GBP/USD Outlook (03 September 2021)

Overall, GBP/USD is ranging across. Recently, GBP/USD broke the resistance zone of 1.38000.

GBP/USDs next support zone is at 1.38000 and the next resistance zone is at 1.40000.

Look for short-term buying opportunities of GBP/USD up until the release of the U.S. jobs data later at 2030 (GMT+8).

USD/CAD Outlook (03 September 2021)

Overall, USD/CAD is ranging across. Recently, USD/CAD broke the support zone of 1.26100.

USD/CADs next support zone is at 1.24500 and the next resistance zone is at 1.26100.

Look for short-term selling opportunities of USD/CAD up until the release of the U.S. jobs data later at 2030 (GMT+8).

GBP/JPY Outlook (03 September 2021)

Overall, GBP/JPY is ranging across.

Currently, GBP/JPY is testing to break above the key level of 152. Its next support zone is at 151.000 and the next resistance zone is at 153.800.

Look for short-term buying opportunities of GBP/JPY if it breaks above the key level of 152.

EUR/JPY Outlook (03 September 2021)

Overall, EUR/JPY is ranging across.

EUR/JPYs next support zone is at 130.000 and the next resistance zone is at 132.000.

Look for short-term buying opportunities of EUR/JPY.