Price pushed above trendline on Friday following the Nonfarm Payrolls report which was 528,000 beating the 250,000 expectation (previously 372,000). Unemployment rate was also lower @ 3.5% from 3.6% previously. Average hourly earnings came in @ 0.5% which was expected to be 0.3% (previously 0.4%) which kept the YoY rate unchanged @ 5.2% rather than the expected slowdown to 4.9%.
Expecting price to push down 1 more time until Wednesday when the US inflation report is released which I expect USD strength from
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