USD
Even with the disappointing
unemployment claims release today, the overall trend of initial unemployment
claims is on a downwards trend which supports continuous jobs creation and thus
the case of a rate hike by the Fed in December. The dollar rally is likely set to
retest the yearly high at 12,300.
AUD/USD
With an upcoming dollar rally and a net loss of jobs
in Australia the Aussie-Dollar is set for a sell-off to the 0.7500 support
level.
Trade: Entry to sell @ 0.7660 with T/P @ 0.7510 and S/L @
0.7710
NZD/USD
Being highly correlated to the Aussie Dollar, the
Kiwi-Dollar is set for a sell off to the 0.7100 support level.
Trade: Entry to sell @ 0.7200 with T/P at 0.7105 and S/L @
0.7235
USD/CAD
With no upcoming CAD data, along with Dollar strength the
USD/CAD pair is likely to rally to the 1.3300 resistance level, however, strong
CAD employment data will continue to weigh in on this pair and a sell-off is to
be expected from the 1.3300 level to the downside.
Trade 1: Entry to buy @ 1.3200 with T/P @ 1.3295 and S/L @ 1.3160
Trade 2: Entry to sell @ 1.3310 with T/P @ 1.3150 and S/L @
1.3360
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