Risk Appetite Stays Supported on Better US Jobs Data

Equities Up on NFPs, but Gains Stay in Check Due to Record Infections

The US dollar traded higher against the majority of the other G10 currencies on Thursday and during the Asian morning Friday. It gained versus NOK, EUR, GBP, SEK, and JPY in that order, while it underperformed against NZD, CAD, and AUD. The greenback was found virtually unchanged versus CHF.

AUD/USD — Technical Outlook

On one hand, AUD/USD is still struggling to overcome the 0.6975 barrier, which has been acting as a strong resistance from around mid-June. But on the other hand, from the same mid-June, the pair is forming higher lows, allowing us to draw a short-term upside support line taken from the low of June 15 th. This may help keep the bulls active for some time, however more of them may join in on a break of the 0.6975 barrier, hence why we will take a cautiously-bullish approach for now.

FTSE100 — Technical Outlook

Yesterday, the FTSE100 managed to break its short-term downside resistance line taken from high of June 9 thbut failed to get above one of its key resistance barriers, at 6265. Given that the price momentum is still to the upside, there is a chance to see a further move north. However, to get a bit more comfortable with that idea, we would like to see a break above the 6265 barrier first, hence why we will stay somewhat bullish.

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