Skip to Content
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.

Free Trading Guides
Subscribe
Please try again
Select

Live Webinar Events

0

Economic Calendar Events

0

Notify me about

Live Webinar Events
Economic Calendar Events

H

High

M

Medium

L

Low
More View More
Near-term Setups in AUDJPY, AUDUSD, USDCAD & GBPUSD

Near-term Setups in AUDJPY, AUDUSD, USDCAD & GBPUSD

AUDJPY Daily

AUD/JPY Daily Chart

Earlier this week I highlighted a key support zone in AUDJPY around the 83-handle with the immediate short-bias at risk while above this region. Levels / outlook remain unchanged heading into the close of the week. Check this week’s AUDJPY update for the complete intraday levels.

AUDUSD 120min

AUD/USD 120min

Aussie is back at support heading into the close of the week at 7542/48- “a break below this threshold would risk substantial losses for the pair with such a scenario eyeing subsequent support targets at 7490 & 7450.” Look for a reaction off this level heading into U.S. Non-Farm Payrolls tomorrow. Interim resistance now 7590 with bearish invalidation steady at 7622/32 (channel resistance & weekly / monthly open). Latest AUDUSD Update (4/3)

USDCAD: I’m still holding a short off 1.3440s with initial targets at 1.3365 backed by 1.3310. Stops are against the weekly high’s but I’ll moving to break-even heading into tomorrow’s double whammy US / Canada labor market reports- expect volatility. I highlighted this setup in today’s scalp report.

GBPUSD: The near-term focus remains on a break of the 1.2410-1.2570 range highlighted earlier this week with the broader outlook constructive above the 1.23-handle. Levels / outlook unchanged from earlier this week. Latest GBPUSD Update (4/4)

Looking for trade ideas? Review DailyFX’s 2017 1Q Projections

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

Join Michael for Live Weekly Trading Webinars on Mondays on DailyFX at 13:30 GMT (8:30ET)

Follow Michaelon Twitter @MBForex contact him at mboutros@dailyfx.com or Click Here to be added to his email distribution list.

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

DISCLOSURES