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The US dollar edged slightly higher against its peers as traders are pricing in expectations for a Fed rate hike in today's FOMC statement.
EURJPY recently broke out of its descending channel pattern, signaling a reversal from the selloff.
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The dollar is tossing and turning ahead of the FOMC statement this week and the lack of top-tier data yesterday kept price action subdued.
EURAUD is starting to trend higher these days, moving inside a rising channel connecting the latest highs and lows of price action.
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The US dollar was able to end the week strong as the NFP report printed a stronger than expected 235K increase versus the estimated 188K gain and the earlier month's reading, which was upgraded from 227K to 238K.
AUDUSD has been trending lower on its 1-hour time frame, moving below a descending trend line connecting the latest highs of price action.
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The US dollar is treading carefully ahead of today's NFP release. Analysts are expecting to see a 188K gain, lower than the earlier 227K increase, but leading indicators such as the ADP non-farm employment change are hinting at an upside surprise.
GBPJPY has formed lower highs and lower lows, moving inside a descending channel on the 1-hour chart.
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The US dollar raked in another round of gains when the ADP non-farm employment change figure beat expectations with a 298K versus the projected 188K figure.
EURUSD is making its way to the bottom of its longer-term range at the 1.0500 major psychological level and might be due for a bounce.