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Setups in USDCHF, AUDJPY, USDOLLAR & Gold Ahead of NFPs

Setups in USDCHF, AUDJPY, USDOLLAR & Gold Ahead of NFPs

2016-03-02 20:29:00
Michael Boutros, Strategist
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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

Continue tracking this setup and more throughout the week- Subscribe to SB Trade Desk and take advantage of the DailyFX New Subscriber Discount!

---Written by Michael Boutros, Currency Strategist with DailyFX

Follow Michael on Twitter @MBForex contact him at mboutros@dailyfx.com or

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