Pair Expectation, target value – maximum or minimum for the day


AUDUSD down, target: 0.7180


EURUSD down, target: 1.0810


USDCAD down, target: 1.3350


GBPUSD down, target: 1.3990


USDJPY down, target: 111.50


USDNOK down, target: 8.380


NFP data for the US economy is due for release this coming Friday. The numbers might induce significant volatility across the markets, especially if the data print is an outlier – either to higher or lower end. Considering that ISM had been rather dismal recently – the Manufacturing data was below 50 for three consecutive months while Service data turned below 50 for the first time in two years, it would be reasonable to anticipate disappointingly weak results for NFP release. Provided this is the case, US dollar might fall on higher risks of monetary easing.
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