Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
Webinar: USD Crosses in Focus- Levels to Know Ahead of CPI

Webinar: USD Crosses in Focus- Levels to Know Ahead of CPI

Michael Boutros,
  • Setups in focus ahead off key event risk this week
  • Updated targets & invalidation levels

The dollar crosses remain in focus on the back of Friday’s weak U.S. retail sales print with the U.S. Dollar Index at risk for further losses. Keep in mind the monthly opening range remains intact and we’ll be looking for a break to validate our medium-term bias with key resistance eyed at 12020/28- bearish invalidation. A break below confluence support at 1190 targets subsequent support objectives at the monthly low (11881) & 11850/53. I’m holding an Aussie long from Asia trade with initial targets at 7687- the pair would need to breach slope resistance just higher to clear the way for the next leg higher. Kiwi & Euro are also of near-term interest to start the week.

Keep in mind we get CPI data this week from the UK, the U.S. and Canada with employment numbers also on tap from New Zealand & Australia. Key levels discussed on USDOLLAR, EURUSD, AUDUSD, AUDNZD, USDCAD, NZDUSD, EURGBP, Gold & Oil. 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

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 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.