Webinar: Month / Quarter End Setups- USD Crosses in Play Ahead of NFP
- Weekly webinar covering featured scalp setups
- Updated targets & invalidation levels
- Event Risk on Tap This Week
We’re heading into the close of the month / quarter this week and while we’ll want to stay nimble, the focus remains on the AUDUSD, USDCAD & GBPJPY setups highlighting last week. Keep in mind event risk is light ahead of Friday’s highly anticipated Non-Farm Payroll report. Be on the lookout for some USD weakness early in the session with the Dow Jones FXCM U.S. Dollar Index trading just below the upper median-line parallel extending offf the late February high – look for initial support into 11970.
We also discussed key levels for Gold & Crude Oil heading into the close of March trade. Continue to track these setups and more throughout the week-Subscribe to SB Trade Desk and take advantage of the DailyFX New Subscriber Discount!
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Check out SSI to see how retail crowds are positioned as well as open interest heading into March trade.
Relevant Data Releases
Other Setups in Play:
- AUD/USD in Correction- 7590 Key Resistance
- USD/CAD Low in Place? Breach Above 1.3240 to Confirm
- GBP/JPY Into Support Ahead of UK Retail Sales, Japanese CPI
- GBP/USD Eyes March High on Sticky UK CPI- Bullish Invalidation 1.4174
- Webinar: USD Crosses in Focus Post FOMC- Reprieve to be Short-Lived
---Written by Michael Boutros, Currency Strategist with DailyFX