Setups in USDCHF, AUDJPY, USDOLLAR & Gold Ahead of NFPs
We'll continue tracking the near-term scalp setups we've been following:
-USDCHF: Levels / Outlook Unchanged- Looking for short-triggers sub 1.0030 with our bearish invlaidaiton level steady at 1.0062/72. Reiview USDCHF Update
- AUDJPY: We've finally cleared the 80-82 range that held for nearly 3 weeks. Yesterday's breach shifted the focus higher with the advance now testing resistance at 82.82-83.00. Levels Unchanged with our bearish invalidation level now raised to the weekly open at 81.15. Review AUDJPY Update
- Gold: Looking for a break of the consolidation just below the 2016 high-day close at 1246. Review Gold Update
-USDOLLAR: A break of the weekly opening range lows shifts the focus lower heading into the close of the week with the index now testing key near-term support at the 2016 open at 12123/31. Review USDOLLAR Update
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---Written by Michael Boutros, Currency Strategist with DailyFX
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.