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AUDUSD (Scalping Strategy)

AUDUSD (Scalping Strategy)

2012-03-21 21:05:00
Michael Boutros, Technical Strategist
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I have continued to scalp downside targets in the AUDUSD as outlined in this week's scalp report. The encompassing structure of the aussie's decline suggest further weakness in store for the high yielder. It’s important to note however that the pair is coming up on key support levels at the 1.04-figure and 1.0360 which we reserve as our bottom limit on this setup.

For a complete outline of the setup and the scalp targets refer to this week’s Scalp Report.

Click here for scalp targets on the USDCAD and NZDUSD

Join me Tomorrow morning for Live Scalping Session at 1230GMT (8:30ET) to discuss this setup and more.

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