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Webinar: USDOLLAR Threatens Breakout- Here are the Crosses to Watch

Webinar: USDOLLAR Threatens Breakout- Here are the Crosses to Watch

Michael Boutros, Strategist
  • USD setups in focus as index threatens range-break
  • Updated targets & invalidation levels

The dollar crosses remain in focus with the U.S. Dollar Index continuing to hold a well-defined range heading into the start of the week. Highlighting this week’s economic docket will be the release of the RBNZ updated economic assessment followed by the European Central Bank interest rate decision on Thursday. Keep in mind commodity seasonal tendencies also turn a bit bearish heading into August trade and we’ll continue to favor selling rallies in both crude & gold in the near-term.

Key levels discussed on AUDUSD, USDCHF, NZDUSD, GBPUSD, EURUSD, Gold crude oil and more. 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: USDOLLAR Threatens Breakout- Here are the Crosses to Watch

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

Join Michael for Live Scalping Webinars on Mondays on DailyFX and Tuesday, Wednesday & Thursday’s on SB Trade Desk at 12:30 GMT (8:30ET)

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

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