Dollar rises above 114 on upbeat US data; NFP report eyed for fresh signals

The dollar accelerated higher, boosted by upbeat US private sector jobs data and hit new 11-month high at 114.13 during US session on Wednesday.
Stronger than expected ADP jobs report, which is usually used as an indication for coming US Non-Farm payrolls data (due on Friday), boosted dollar, as signs of further tightening in stable US labor sector would prompt the Fed into more hawkish mode.
Today’s break above psychological 114.00 barrier opens way towards barriers at 114.37/50/73 (07 May / 09 July / 05 Nov 2017) respectively, with extension above round-figure 115 barrier and attack at 115.35 (Fibo 76.4% of 118.66/104.63 fall) not ruled out.
Bulls will be looking for further signals from US jobs data on Friday, which could confirm bullish stance and spark further advance on better than expected results.

Res: 114.13; 114.36; 114.50; 114.73
Sup: 113.79; 113.52; 113.21; 113.18