Forex Trading Long on GBPUSD & NZDUSD. USD Flies on Strong NFP! US & Japan Interest Rates this Week.
Forex Trading Long on GBPUSD & NZDUSD. USD Flies on Strong NFP! US & Japan Interest Rates this Week.

In today’s GCI Market Outlook, let’s take a look at Forex Trading on NZDUSD, USDCAD, USDCHF, and GBPUSD.
Last Friday’s US Non-Farm Payrolls came in much better than expected spending USD flying.
Also, the average hourly earnings were higher, indicating a hot labour market making the US Federal Reserve less keen on lowering Interest Rates.
Therefore, we see a stronger USD.
If we look at the USD pairs we see a long or buying opportunity on GBPUSD with the news driving price action to the lower trend line in this bull run.
Also, the stochastic oscillator is very oversold but we will wait for an upturn and more confirmation.
We also see a short opportunity on USDCHF for the same fundamental reasons and the stochastic oscillator is overbought.
However, from the technical side, it is not so clear as we see this double bottom on the 4-hour chart.
Also, on the daily chart, this current downtrend hasn’t fully developed yet compared to the bull run from January to May.
We might be a bit more confident in a long position on NZDUSD with the stochastic oscillator looking very oversold and price action at or near support.
Also, on the daily chart, we are still in a bull run from April.
Again, with USDCAD where the news caused price action to break out of this symmetrical pennant with resistance at $1.3785 with stochastics looking overbought.
Also, Canadian Employment data on Friday was good as well so we might see some CAD strength.
But watch out for this week’s news as we see UK employment data tomorrow, and US Inflation and Interest Rates on Wednesday.
Thursday, we will take another look at JPY.
That’s all for now.
CFDs and FX are leveraged products and your capital may be at risk.
Latest Analysis
- Watching for Reversal on WTI & Brent Crude? Forex Trading USDJPY Gap. October 06, 2025 05:45 AM
- US Government Shutdown: NFPs Today? Gold XAUUSD to Climb Further? Forex Trading WTI at Support. October 03, 2025 01:04 AM
- Forex Trading Short AUDUSD? Silver XAGUSD in Ascending Triangle. Gold Flying! September 30, 2025 05:30 AM
- USDCHF at Upper Trend Line. Forex Trading Gold XAUUSD in Symmetrical Pennant. September 30, 2025 05:24 AM
- Forex Trading WTI Crude Oil at Support. Gold XAUUSD at All-time Highs…Again! September 30, 2025 05:19 AM
- WTI Crude Oil in Descending Triangle. Forex Trading USD Strength: Will it Last? September 19, 2025 01:18 AM
- Interest Rates in Focus Affecting USD, GBP, JPY, & CAD. NASDAQ Flying But… September 15, 2025 03:25 AM
- JPY Gap Trading on PM Resignation. NASDAQ Recovering. Forex Trading USDJPY. September 09, 2025 05:32 AM
- US Non-Farm Payrolls in Focus. Silver XAGUSD Breaking Upper Trend Line. OPEC Meeting! September 05, 2025 03:52 AM
- WTI Crude Oil Approaching Resistance. Forex Trading Gold XAUUSD at All-Time High! Silver XAGUSD at 14-Year High. September 02, 2025 03:18 AM
Open an account in minutes
Trade on our award-winning platforms with ultra-fast and ultra-secure execution.
OPEN AN ACCOUNT