The US Dollar has been bearish in 2017. On Friday (9/1), we saw disappointing jobs data in the Non-Farm Payroll report. The number of jobs added in August, 156K, was lower than the forecast around 180K. The July reading was revised down to 189K from 209K. Meanwhile, the unemployment rate ticked up to 4.4% from 4.3%. Furthermore, average hourly earnings grow at only 0.1% in August, which was lower than the forecast of 0.2% and July's reading of 0.3%. USD Index (DXY) 4H Chart (click to enlarge) Pivoting:- Initially, there was some USD-bearish reaction across the board.- However, as we can see on the 4H chart, the market did not allow the greenback to slide back to the previous low. - Instead, there was some strong buying, causing the long candle wick we see on the 4H chart. - The DXY ended the week on a positive note despite poor US jobs data. This suggests the USD might be making a bullish reversal, at least in the short-term. - I would anticipate some USD-strength next week, but would first limit this expectation to the August high because this bullish outlook is going against a very persistent trend after all.