USDCHF  

USDCHF breached the prior day's low and closed @ 10755 which was well below the open. ECB rate announcement & Non Farm Payroll.  The Hourly Oscillators are bearish but weak and the price is below the MA, so Cautious approach is needed. Hourly Trend is Sideways and Daily Trend is also Sideways, so expect the price to be choppy. Due to slew of data out today and shortened trading week expect the market to be quiet before the data.  The patterns are very noisy but should not trade above 10790-10855 to maintain a bearish outlook.  We prefer to Sidelined or strictly trade only at our levels.

AUDUSD  

AUDUSD held precisely at our level and closed @ 8090 which was marginally above the open. ECB rate announcement & Non Farm Payroll.  The Hourly Oscillators are turning bearish and price is above the MA, so Cautious approach is needed. Hourly Trend is Sideways and Daily Trend is also Sideways, so expect the price to be choppy. Due to slew of data out today and shortened trading week expect the market to be quiet before the data.  The patterns are very noisy but should not trade above 8120-60 level in order to maintain a bearish outlook.  We prefer to be Sidelined or trade strictly only at our levels.

USDCAD  

USDCAD turned down much earlier than we expected and closed @ 11500 which was well below the open. ECB rate announcement & Non Farm Payroll.  The Hourly Oscillators are bearish but weak and the price is below the MA, so the bulls have to be Sidelined. Hourly Trend is Sideways and Daily Trend is Sideways Up, so expect the price to be choppy. Due to slew of data out today and shortened trading week expect the market to be quiet before the data.   The patterns are quite noisy and we have no suggestions.  We prefer to be Sidelined or strictly trade only at our levels.