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  • While Gold's -2% slide is turning heads, Silver is taking an even more significant -4% hit - its biggest drop in three months. That said, 22.50 is not a support level to be taken lightly for $XAGUSD https://t.co/ZXbGJElXf6
  • RT @BrendanFaganFx: 74 counterparties take $1.147 trillion at Fed's fixed-rate reverse repo $USD $DXY https://t.co/9ouJNl8oYL
  • AUD/USD attempting to retrace some of its losses following this morning's US retail sales print $AUDUSD https://t.co/yWFEeszHtP
  • The US Dollar has spiked up to a fresh September high this morning on the back of a really strong retail sales report out of the US. Get your market update from @JStanleyFX here:https://t.co/Ve6TuQrMSS https://t.co/qx8BjQdn2Z
  • US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/09/16/US-Dollar-Price-Action-Setups-EUR-USD-EURUSD-GBP-USD-GBPUSD-AUD-USD-AUDUSD.html https://t.co/w262MKMg5c
  • Goldman Sachs upgrades Q3 GDP forecast to 4.5% from 3.5%
  • I will note that despite AMC announcing they would soon be accepting additional cryptocurrencies (including Litecoin) for purchases, $LTCUSD didn't even exhibit a fraction of its response to the fake Walmart news. Market learning its lesson or AMC seen as irrelevant? #Kodakmoment
  • While the S&P 500 is holding to a strict range above its 50-day SMA, volatility for the Dollar has picked up on retail sales. DailyFX's @JohnKicklighter discusses trade today and further out! https://t.co/ZGNx4sLdRP
  • Canadian #Dollar Outlook: $USDCAD Breakout Imminent- #Loonie Levels - https://t.co/VgefzkPC7c https://t.co/8yhm8dNOzq
  • S&P falling from resistance zone after another quick test at the 930 open could be one of those bearish engulf kind of days $SPX $SPY $ES https://t.co/CAekc1CbCQ https://t.co/RCqrQ9bGNN
Webinar: EUR, AUD Pose Brisk Start to the Week- Crosses in Focus

Webinar: EUR, AUD Pose Brisk Start to the Week- Crosses in Focus

Michael Boutros, Strategist

Talking Points

AUDNZD Daily

Webinar: EUR, AUD Pose Brisk Start to the Week- Crosses in Focus

Chart Created Using FXCM Marketscope 2.0

Notes: AUDNZD responded to key support noted last week at 1.0550/60 and the monthly opening range is now set just above this threshold. Resistance & near-term bearish invalidation stands at 1.0720.

EURUSD Daily

Webinar: EUR, AUD Pose Brisk Start to the Week- Crosses in Focus

Notes:EURUSD also came off key support last week at the confluence of the former upper median-line parallel, the 100% extension of the mid-December decline and the 61.8% retracement of the December rally at 1.0723/33(bullish invalidation). Resistance stands at the confluence of the 61.8 retracement of the decline off last month’s high & the December high-day close at 1.0924/25.A breach above this mark targets the 100 & 200-day moving averages at 1.1033/42.

USDOLLAR Daily

Webinar: EUR, AUD Pose Brisk Start to the Week- Crosses in Focus

Notes:The Dow Jones FXCM U.S. Dollar Index has been attempting to breach key resistance at 12192-12204 for more than 2 months now, failing to close above on 17 separate occasions. The long bias remains vulnerable immediately below this threshold. Support rests along the lower median-line parallel / 12123/31 (near-term bullish invalidation). A close above 12204 targets confluence at the 100% extension of the December advance at 12250.

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Relevant Data Releases

Webinar: EUR, AUD Pose Brisk Start to the Week- Crosses in Focus

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.

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