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Webinar: Battle Lines Drawn- USD Scalp Setups in Focus this Week

Webinar: Battle Lines Drawn- USD Scalp Setups in Focus this Week

Talking Points

GBPUSD 30min

Notes: Sterling broke through the 1.5528/30 level discussed today with the rally now testing the upper MLP confluence into 1.56 –Key interim resistance & bearish invalidation.

AUDUSD 30min

Notes: A defense of the former upper MLP as support alongside a resistance trigger breach in RSI sparked a rally back into the weekly opening range highs / the ML. Outlook remains constructive while above 7354 with a break sub 7300 needed to shift the focus back to the short-side. Resistance objectives at 7427 backed by 7468/74

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Key Data Releases this Week

Other Setups in Play:

---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.