News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
AUDUSD Scalps in Play

AUDUSD Scalps in Play

Michael Boutros, Strategist

I have been aggressively scalping the AUDUSD setup highlighted in yesterday's scalp report. While we maintain our broader bearish outlook, today's rebound in risk ahead of the US open warrants action against 1.0360 with intra-day long scalps in play throughout the US trade session. Look for the advance to offer favorable short entries early next week as we move deeper into November trade. Our broader outlook still remains weighted to the downside against the monthly high at 1.0480 with only a break above this level invalidating our directional bias. For a complete technical outlook including charts and intra-day scalp targets, refer to the AUDUSD Scalp Report.

Interesting setups have also emerged in the EURUSD, EURAUD, EURJPY and CADJPY as the market trades into some key support levels heading into the close of the week. To follow the progress of these setups and more, refer to my StockTwits chart stream.

---Written by Michael Boutros, Currency Strategist with

To contact Michael email or follow him on Twitter @MBForex

To be added to Michael’s distribution list Click Here

Introduction to Scalping Strategies Webinar

Beginner Fibonacci Expo Presentation

New to FX Trading? Watch this Video

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.