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Webinar: USD Scalps Hinge on CPI- Setups in Play this Week

Webinar: USD Scalps Hinge on CPI- Setups in Play this Week

Michael Boutros,

Talking Points

GBPNZD 30min

Notes: GBPNZD failed to break above our near-term bearish invalidation level at 2.3942 and the pair remains vulnerable to further downside while below this threshold. Interim support is eyed at 2.3697-2.3713, backed by 2.3520, 2.3363 & the median-line off the July high.

GBPAUD 30min

Notes: GBPAUD is also setting up its weekly opening range just below resistance with our bearish invalidation level now lowered to the upper median-line parallel extending off last week’s high ~ 2.13. Interim support targets at 2.1122, 2.1076, 2.1012 & the median-line extending off the July high.

For updates on these scalps and more setups throughout the week subscribe to SB Trade Desk

Key Data Releases this Week

Other Setups in Play:

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

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

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

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