The stronger US data pushed the prices to the North. The US data rises the bets on the Federal Reserve to raise the interest rates sooner than later. This view added some more fuel to the US dollar. The yellow metal again closed below $1,200.00. The US added 321,000 new non-farm jobs in the month of November. The actual print is 90,000 more than the forecast of 231,000. It is the highest gain since January 2012 and up from the previous month’s figure of 243,000. The pair managed to closed above 0.9742 on a weekly basis. We still recommend using every dip to buy at 0.9820, 0.9874, 0.9970, and 1.0270. The pair made a high at 0.9800 and closed at the day's highest level. We are waiting to close above 0.9742 on a weekly basis for 4 weeks, now it has happened. I am expecting 200 pips on the North side. At the previous session, we recommended buying at 0.9720 levels which gave good money. Today, the pair was unable to break the previous day's high at 0.9800. We recommend fresh buying above 0.9800 with the targets at 0.9824, 0.9838, and 0.9870. On the daily chart, the prices make higher lows and higher highs. In case if the prices close above 0.9800 on the h4 chart, it can challenge 0.9840, 0.9850, and 0.9880 in intraday. For an hourly view, the prices are taking support at 35DEMA 0.9770, below this 0.9740 will act as strong support levels.
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