Intraday Analysis – USD Boosted by NFP
![NFP impact on USD movements](https://assets.iorbex.com/blog/wp-content/uploads/2024/06/10094814/Intraday-2024-06-10T104802.877.png)
USDJPY tests resistance
![USDJPY Chart: The USDJPY pair tests resistance following the NFP impact, with potential targets and support levels highlighted.](https://assets.iorbex.com/blog/wp-content/uploads/2024/06/10094525/USDJPY-chart-10062024.png)
The greenback clawed back losses after NFP figures beat expectations. The price jumped over 100 pips and cleared the central supply area at 156.00. 156.70 over the 20-day SMA has seen buying interests propelling the greenback towards the psychological level of 157.00. A close above the last swing high of 157.60 is needed to force the remaining sellers out and trigger an extended rally. Failing that, a drop below 155.60 would expose the recent bottom at 154.60, the bulls’ second line of defence.
NZDUSD attempts to bounce
![NZDUSD Chart: The NZDUSD pair shows bearish RSI with key support and resistance levels noted.](https://assets.iorbex.com/blog/wp-content/uploads/2024/06/10094548/NZDUSD-chart-10062024.png)
The US dollar progressed, and the Kiwi was another victim of progressive economic data. The chart shows a fall below the demand zone of 0.6150 and a bearish RSI, which indicates a cautious mood. A drop to 0.6140 has met stiff selling pressure, and a bullish breakout would need a swift turnaround, with 0.6200 being the first hurdle. The latest low of 0.6125 is an immediate support, and its breach would cause a new round of sell-off.
SPX 500 searching for another record
![SPX 500 Chart: The SPX 500 index searches for another record, with support and resistance zones marked.](https://assets.iorbex.com/blog/wp-content/uploads/2024/06/10094608/SPX500-chart-10062024.png)
The S&P dropped away from its recent high after its continuous winning streak. The sentiment is still overwhelmingly upbeat as the index grinds past another hurdle at 5300. A bullish breakout would trigger a new round of rally to 5450. However, a bearish RSI divergence indicates a loss of momentum in the rally and could foreshadow a retracement most likely to be driven by profit-taking. A break below the closest support of 5200 would be a confirmation, and the price would be sent to the next support at 4950.