![\"support](\"https:\/\/shared.gighl.com\/Morning-Pictures-2021\/June-2021\/07-June\/aud-usd-07-06-2021.png\")
<\/p>\nThe USD retreated against a number of its counterparts on Friday and during today\u2019s Asian session as the US employment report seemed to be weaker than expected, albeit better than last month. It should be noted that the release seems to ease the pressure on the Fed to taper its QE program somewhat, given the high inflation rates released in the past weeks for April and may have reversed some of the market worries for the economy running hot. At the same time US Treasury Secretary Yellen stated that high rates would be a plus for the US, after the G7 summit, while at the same time pushed ahead with Biden\u2019s $4 trillion spending plans. The pound seems to remain rather stable against the USD and the EUR yet seems to edge lower against safe havens JPY and CHF as cases of Covid 19 are slightly on the rise and tend to create some worries. It should be noted that the reopening of the UK may be delayed should the virus continue to spread which could weaken GBP given the current uncertainty. Overall though a delay in the reopening of the UK economy, should it be limited to a week or two does not alter the improved economic outlook of the UK.
\nAUD\/USD may have scored the most gains from the USD weakness and on its upward move broke the 0.7665 (S2) and the 0.7725 (S1) resistance lines, both now turned to support. Given the pair\u2019s stabilisation especially in the Asian session, we tend to maintain a bias for a sideways motion for the pair. Please note that the RSI indicator in the 4-hour chart continues to run along just above the reading of 50 and could imply a rather indecisive market. Should the pair find fresh buying orders along its path, we may see AUD\/USD breaking the 0.7785 (R1) resistance line in search of higher grounds. Should a selling interest be displayed by the market, we expect AUD\/USD to break 0.7725 (S1) support line and aim for the 0.7665 (S2) support level.
\nGBP\/USD on the other hand without much volatility edged higher, breaking the 1.4145 (S1) support line, now turned to support. Overall, the picture of the cable\u2019s movement remains unchanged, with a rather steady sideways motion just around the 1.4145 (S1) support line, hence we tend to maintain our bias for a range bound movement. Please note that the RSI indicator below our 4-hour chart remains near the reading of 50, as the market still hasn\u2019t decided on the direction of the pair\u2019s next leg. Should the bulls take charge of the pair\u2019s direction, we may see the pair aiming if not breaking the 1.4275 (R1) resistance line. To the downside and should the bears take over, we may see cable breaking the 1.4145 (S1) support line and aim for the 1.3990 (S2) support level.<\/p>\n
Today during the European session, we get Germany\u2019s industrial orders for April, Switzerland\u2019s, CPI rates for May, UK\u2019s Halifax House prices growth rate for May and Eurozone\u2019s forward looking Sentix index for June. During tomorrow\u2019s Asian session, we get from Japan, the current account balance for April as well as the revised GDP rate for Q1.<\/p>\n
On Tuesday, from Germany the industrial output for April and June\u2019s ZEW indicators, from the Eurozone the revised GDP rate for Q1 and Canada\u2019s trade data for April. On Wednesday, we get China\u2019s inflation measures for May, while the Bank of Canada will be releasing its interest rate decision. On Thursday, we get Japan\u2019s Corporate goods prices growth rate for May, also we note the release of Norway\u2019s, the Czech Republic\u2019s and Sweden\u2019s CPI rates for May, the European Central Bank is to release its interest rate decision, while from the US we note May\u2019s CPI rates and the release of the initial jobless claims figure. On Friday, we get from the UK the GDP rates for April as well as the manufacturing output growth rate for the same month along a number of indicators, while from the US we note the release of the preliminary University of Michigan consumer Sentiment for June.<\/p>\n
AUD\/USD Gr\u00e1fico 4H<\/b><\/p>\n
<\/p>\n
Support: 0.7725 (S1), 0.7665 (S2), 0.7595 (S3)<\/b><\/p>\n
Resistance: 0.7785 (R1), 0.7840 (R2), 0.7890 (R3)<\/b><\/p>\n
GBP\/USD Gr\u00e1fico 4H<\/b><\/p>\n
![\"support](\"https:\/\/shared.gighl.com\/Morning-Pictures-2021\/June-2021\/07-June\/gbp-usd-07-06-2021.png\")
<\/p>\n
Support: 1.4145 (S1), 1.3990 (S2), 1.3845 (S3)<\/b><\/p>\n
Resistance: 1.4275 (R1), 1.4390 (R2), 1.4530 (R3)<\/b><\/p>\n
![\"Referencia-12-10-2021\"](\"https:\/\/shared.gighl.com\/Morning-Pictures-2021\/June-2021\/07-June\/benchmark-07-06-2021.PNG\")
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![\"Referencia-12-10-2021\"](\"https:\/\/shared.gighl.com\/Morning-Pictures-2021\/June-2021\/07-June\/table-07-06-2021.PNG\")
<\/p>\n
![\"Referencia-12-10-2021\"](\"https:\/\/shared.gighl.com\/Morning-Pictures-2021\/June-2021\/07-June\/morning-releases-07-06-2021.PNG\")
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Si tiene usted alguna pregunta o comentario sobre este art\u00edculo, escriba un correo directamente a nuestro equipo de investigaci\u00f3n research_team@ironfx.com<\/a><\/i>\u00a0\u00a0 <\/a><\/p>\n Descargo de responsabilidad:<\/p>\n Esta informaci\u00f3n no debe considerarse como un asesoramiento o recomendaci\u00f3n sobre inversiones, sino \u00fanicamente como una comunicaci\u00f3n de marketing.<\/i><\/p>","protected":false},"excerpt":{"rendered":" The USD retreated against a number of its counterparts on Friday and during today\u2019s Asian session as the US employment<\/p>","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_daim_seo_power":"","_daim_enable_ail":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-13438","post","type-post","status-publish","format-standard","hentry","category-uncategorized","blog-category-financial-news","entry"],"acf":[],"yoast_head":"\n