In view of Imre Speizer, Research Analyst at Westpac, NZD/USD retains downside risks, thanks to a recovering US dollar plus NZ election uncertainty.
NZD/USD pair is seen making minor-recovery attempts above 0.7050 levels, although lacks follow-through amid downbeat Chinese services PMI release and renewed North Korea risks.
EUR/USD pair set-off a brand new week on a positive footing, as the bulls aim to take on the post-NFP recovery towards 1.1800 on the Eurozone Sentix Investor Confidence data release.
GBP/USD was offered on Friday on fears that UK Prime Minister Theresa May would be forced out of her party. The currency pair dropped to a low of 1.3027 on Friday and ended the week at 1.3064 levels.
AUD/USD surrendered gains and dropped to a low of 0.7765 after China Caixin/Markit September services PMI printed at a 21-month low of 50.6.
Gold (XAU/USD) prices clocked a 8-day high of $1283.50 in Asia on the back of weak China services PMI and renewed North Korea fears.
Daily Support & Resistance Level
|Currency Pair||S3||S2||S1||Pivot Points||R1||R2||R3|
|CRUDE OIL WTL||49.20||49.27||49.32||49.39||49.46||49.51||49.58|