Analyst
Intraday: Bullish
Preference: Bull position is envisaged if price trades above 26338 with take profit at 26578
Alternative scenario: Sell position is envisaged if price trades below 25929 with take profit at 25612
ISM Non-Manufacturing PMI (USD) 3:00pm
Comment: The Dow Jones reached continued its bullish move buoyed by a record surge in payrolls, which provided assurance that the U.S. economic recovery was well underway.
Intraday: Bullish
Preference: Bull position is envisaged if price trades above 0.69842 with take profit at 0.70418.
Alternative scenario: Sell position is envisaged if price trades below 0.69400 with take profit at 0.68862
ISM Non-Manufacturing PMI (USD) 3:00pm
Comment: The markets are currently focused on other currency pairs, like the Australian dollar, which is still in a clear uptrend against the U.S. dollar due to the rise in copper prices.
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Adefuwa Ayodele