DXY D1 - Short Correction Expected

DXY D1

Like we mentioned, non-farm payrolls, average earnings and unemployment figures are coming out this afternoon 1:30pm UK time, so as the NA session comes into play. We can expect some nice volume.

This may be the trend setter for the month ahead. We are obviously hoping to see the USD correct and pull down towards that 94.500 region, which would compliment our cable longs.

Additionally, this would give us confidence in looking for resumed USD bull continuations from the 94.500 price.