NZD/USD could further lose ground as US Dollar initiates recovery. Improved US Treasury yields could underpin the Greenback. RBNZ emphasized the need for interest rates to stay higher for an extended duration. (FXStreet)

USD/JPY catches fresh bids following an intraday dip to 148.25, albeit lacks follow-through. Intervention fears turn out to be the only factor holding back bulls from placing fresh bets. The technical setup suggests that the path of least resistance for the pair is to the upside. (FXStreet)

EUR/USD gains traction for two straight days amid the USD softness. The major pair holds below the 50- and 100-hour EMAs with a non-directional RSI. The immediate resistance level for EUR/USD is located at 1.0543; the first support level is seen at 1.0488. (FXStreet)

NZD/USD holds positive ground around 0.5935 amid the USD weakness. US private payrolls for September rose by 89,000 vs.180,000 prior. The Reserve Bank of New Zealand (RBNZ) maintained its monetary policy at its October meeting. Traders will monitor the weekly US Jobless Claims on Thursday. (FXStreet)

USD/CAD weakens due to weaker employment data on Wednesday. The lower US Treasury yields exert pressure on the US Dollar. BoC is expected to go for another rate hike by the end of the year. (FXStreet)

GBP/USD trades in positive territory for the second consecutive day around 1.2160 amid the USD softness. The pair holds below the 50- and 100-hour EMAs; RSI is located above 50 in the bullish territory. The key resistance level will emerge at the 1.2200-1.2210 zone; the initial support level is located at 1.2110. (FXStreet)

USD/MXN has retraced the intraday gains due to a decline in US Bond yields. Banxico is expected to maintain its current interest rate level, following the economic resilience and the robust labor market. The pullback in US Dollar could be attributed to weaker employment data on Wednesday. (FXStreet)

USD/CHF recovered the intraday losses ahead of US jobs data. Economic indicators suggest bullish sentiment regarding the US Dollar. The 12-day EMA emerges as key support, followed by the 0.9100 psychological level. (FXStreet)

USD/INR holds negative ground around 83.20 amid the USD softness. The Reserve Bank of India (RBI) is likely to maintain interest rates for the fourth consecutive time at its October meeting. US private payrolls for September rose by 89,000 from the previous reading of 180,000, worse than expected. Traders will closely watch the RBI rate decision, US Nonfarm Payrolls on Friday. (FXStreet)

EUR/GBP gains some positive traction on Thursday and snaps a two-day losing streak. The technical setup favours bullish traders and supports prospects for additional gains. A convincing break below the 0.8600 mark is needed to negate the constructive outlook. (FXStreet)

The index adds to Wednesday’s pullback and revisits 106.50. US yields correct lower from recent peaks. Weekly Claims, Balance of Trade, Fedspeak next on tap. The greenback extends further its ongoing correction from 2023 peaks near 107.30 when gauged by the USD Index (DXY). (FXStreet)

WTI: Next on the downside emerges the $78.00 region. Prices of WTI retreated markedly on Wednesday, flirting with the interim 55-day SMA around the $84.00 zone. The sharp downtick was on the back of shrinking open interest and suggests that a sustained decline is not favoured for the time being. on the downside, the next support of note emerges at the August low of $77.64 (August 24). (FXStreet)

Gold price struggles to capitalize on its modest recovery gains, despite a softer USD. A fresh leg up in the US bond yields limits the USD losses and caps gains for the metal. Traders also seem reluctant to place bullish bets ahead of the US NFP report on Friday. (FXStreet)

Silver attracts fresh buyers on Thursday, albeit remains confined in a three-day-old trading range. The recent breakdown below the $22.30-20 strong horizontal support still favours bearish traders. Any subsequent move up might still be seen as a selling opportunity and is likely to remain capped. (FXStreet)

Source: FXStreet

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