Forex Technical Update 10/07/2010 - USD-Crosses Ahead of the Non-Farm Payroll

Forex Technical Update 10/7/2010

Tomorrow's non-farm payroll may be an event risk so let's take a look at some USD-crosses. The EUR/USD is at an important resistance zone near 1.40. The GBP/USD hit resistance at 1.60 target. The USD/JPY continued lower than the intervention level. The AUD/USD and USD/CAD pairs are testing important resistance and support zones respectively. Finally, gold was seen to go to 1365 and is now seeing early topping action after hitting this level. Let's take a look at these charts.

Fan Yang CMT CTA
www.fxtimes.com