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May 2, 2025

Key Forex Levels to Watch Ahead of Nonfarm Payrolls

USD/CAD is eyeing a potential bounce from key support. GBP/USD faces mean reversion risk, while gold’s sharp drop has paused at critical support levels. However, the current market sentiment indicates that bears may still influence prices as traders await the much-anticipated Nonfarm Payrolls (NFP) report.

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