The US jobs data on Friday was a big surprise for markets and it took a toll on the dollar. In the lead up to the report, the dollar was firmly in the driver's seat as the short squeeze looked to run further. Trump following through on tariffs was a major help in allowing the dollar to "get it all out of its system". However, now traders are thrown a curveball after the weak data at the end of last week.So, how are things shaping up for the dollar now? Let's take a look at what the technicals are saying.In the case of EUR/USD, the pair has climbed up from eight-week lows near 1.1400 to move close to 1.1600. That saw a push higher to test the 50.0 Fib retracement level of the swing lower since the end of July, at 1.1590. For now, sellers are holding the line but price action is resting in between both the 100 (red line) and 200-hour (blue line) moving averages. This development is important as it reaffirms a more neutral near-term bias and is one we will see with several other charts as well.In short, the dollar buying momentum has seized but there's no material shift just yet in terms of near-term selling for the dollar - at least for EUR/USD. Large option expiries today will also play a role in keeping price action more limited, at least until we get to Wall Street trading.Next up, we have USD/JPY and the drop from above 150.00 to a low of near 147.00 earlier today is a notable one. That sees price action fall past both the 100 and 200-hour moving averages, reaffirming a more bearish near-term bias for now.The mood music in the pair will largely be tied to bond yields for the time being though, amid the shift in Fed outlook pricing. But for the yen side of the equation, there is still ongoing uncertainty with regards to the US-Japan trade deal. Akazawa's comments here are less than optimistic and that is something to be wary about.Then, we have GBP/USD which managed to shake off six straight day of losses with the jump on Friday. But even so, the bounce higher wasn't too significant. It failed to clear the 38.2 Fib retracement level of the swing lower since the end of July, at 1.3312. And more notably, it failed to also break the 100-hour moving average.Right now, buyers and sellers are doing a dance around the latter - which marks a key near-term level for the pair. Hold below and the near-term bias stays more bearish but break above and the bias becomes more neutral instead - similar to what we see for EUR/USD.In talking about a more neutral near-term bias, we can clearly see that with USD/CAD above. Price action has fallen below its 100-hour moving average but keeping above its 200-hour moving average for now. And in similar vein to GBP/USD, the drop in USD/CAD on Friday did not take out the 38.2 Fib retracement level of the swing higher since the end of July at 1.3763.For now, sellers have room to roam between the key hourly moving averages but we're yet to really establish any firm downside momentum for the pair despite the Friday decline.And lastly, we have AUD/USD which also shows some similarities to other charts above. The pair was testing its 100-day moving average at 0.6428 before the jobs data sank the dollar, offering buyers a reprieve. That said, the jump initially failed to breach the 100-hour moving average but has now done so - reaffirming a more neutral near-term bias.There is still some work to be done to get back above 0.6500 and also the 200-hour moving average, seen closer to 0.6520 currently. So, AUD/USD sellers have lost momentum but a switch to say that buyers are in the driver's seat is not quite the case here as well.All in all, the charts are pointing to the dollar losing some momentum - most evident in USD/JPY. However, dollar buyers are not out of the picture just yet and the charts mostly show a shift in near-term bias to being more neutral. In other words, the dollar did suffer a blow after its strong run higher before Friday but to say that we're going to see a shift back to the downside is still premature - at least according to the charts.But fundamentally speaking, continued poor labour market data - which looks likely - could really compel the Fed into rate cuts sooner rather than later. And if anything, that will limit any potential upside for the dollar amid the complacent pricing beforehand. The question now is, how will the impact of tariffs on inflation factor into the equation? That's something policymakers are also looking to figure out.But if statistical data is going to be politicised, that's another problem for the dollar amid credibility concerns and erosion of market confidence towards US data legitimacy. Adding to that, there will be premiums for the TIPS market and further uncertainty surrounding US assets as well considering the circumstances. So, that's a big question mark for the currency as well in all of this. This article was written by Justin Low at investinglive.com.