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Webinar: USD Crosses in Focus as Rally Eyes Key Resistance Targets

Webinar: USD Crosses in Focus as Rally Eyes Key Resistance Targets

2016-07-11 16:36:00
Michael Boutros, Strategist
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  • Post-NFP Setups in focus this week post-NFP
  • Updated targets & invalidation levels

Friday’s Non-Farm Payroll report saw the U.S. Dollar Index (Ticker: USDOLLAR) make a strong defense of confluence support and while the focus remains higher for now, the long-bias is vulnerable heading into more significant topside resistance targets. Keep in mind we have some big data this week with the BoC, Aussie employment, BoE, China GDP & U.S. CPI / Retail Sales on tap.

Key levels discussed on USDCAD, AUDUSD, USDCHF, EURUSD, Crude Oil & GBPUSD. Continue tracking these setups and more throughout the week- Subscribe to SB Trade Desk and take advantage of the DailyFX New Subscriber Discount.

Check out SSI to see how retail crowds are positioned as well as open interest heading into the close of June trade.

Relevant Data Releases

Webinar: USD Crosses in Focus as Rally Eyes Key Resistance Targets

Help fine-tune you entries, click here to learn more about the DailyFX Grid Sight Index (GSI)

Other Setups in Play:

Looking for trade ideas? Review DailyFX’s 2016 2Q Projections!

---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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