Recent developments in the Relative Strength Index (RSI) indicate a larger rebound in EUR/USD as the oscillator pushes back above 30 to offer a textbook buy signal.

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The Canadian Dollar is staging a nice rebound during early Friday trade with the Loonie stronger against the US Dollar and Japanese Yen as USD/CAD and CAD/JPY react to the latest employment data.

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The Kiwi Dollar looks to have settled into a trading range ahead of the RNBZ rate announcement next week where no change to the rate is expected

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The South African Rand remains resilient against the US Dollar as price action remains suppressed at major resistance.

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As widely touted, the PboC announces a 50bps rate cut. USD/CNH tests 6.5000.

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