Dollar was broadly lower last week on return of risk appetite following some solid economic data from US and China. Non-farm payroll showed a solid 67k expansion in the private job market even though the headline number showed -54k contraction. Both figures were better than expectation of 40k and -105k

EUR/USD's recovery extend further to as high as 1.2896 last week but is still limited below mentioned 1.2921 resistance. Considering that it's near to this resistance, we'll stay neutral initially this week. As long as 1.2921 resistance holds, we'd still expect fall from 1.3330 to resume sooner or later. Below

USD/JPY stayed in choppy sideway trading last week as consolidations for 83.61 continued. Initial bias remains neutral this week and some more consolidations could still be seen. Note that above 85.89 will bring stronger rebound. But even in such case, upside upside should be limited well below 88.25 support turned

GBP/USD dipped to 1.5326 last week but turned sideway since then. Initial bias remains neutral this week and some more consolidations could be seen. Nevertheless, upside is expected to be limited by 1.5596 resistance and bring resumption of fall from 1.5997. Below 1.5326 will target 1.5123 cluster support (50% retracement

USD/CHF dropped sharply to as low as as 1.0064 last week before recovering mildly. Initial bias is neutral this week and some sideway trading might be seen first. But still, short term outlook remains bearish as long as 1.0330 resistance holds and another fall is still expected. Below 1.0064 will

AUD/USD jumped sharply to as high as 0.9174 last week and the strong rise affirms the case that AUD/USD has not topped out yet. Initial bias remains on the upside this week for 0.9220 and then 61.8% projection of 0.8315 to 0.9220 from 0.8770 at 0.9329 next. On the downside,

USD/CAD had another attempt on 1.0675 resistance last week but failed and reversed sharply. Subsequent fall fro 1.0671 dragged daily MACD below signal line and suggests that rise from 1.0106 is already finished. More importantly, the development indicates that USD/CAD is still bounded inside recent range of 1.0106 and 1.0851.