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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

2015-08-17 18:05:00
Michael Boutros, Strategist

Talking Points

GBPNZD 30min

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

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

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

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

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

Other Setups in Play:

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

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