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Weekly Technical Outlook: USD Crosses Eye Make or Break Levels

Weekly Technical Outlook: USD Crosses Eye Make or Break Levels

Michael Boutros, Strategist

Last week’s mixed Non-Farm Payroll (NFP) report saw the DXY press into long-term slope resistance the greenback trading just below at the open of the week. This week’s close will be paramount on a host of USD crosses. A review of the majors also highlights key inflection points in view on the Aussie, Sterling & the Japanese Yen.

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In this webinar we reviewed current & pending setups and updated technical levels on DXY, GBPUSD, GBPJPY, USDJPY, USDCAD, Crude, NZDUSD, AUDUSD, Gold, EURUSD, Bitcoin (BTCUSD) and Ethereum (ETHUSD). Keep in mind it’s a light week for U.S. event risk with the RBA & RBNZ interest rated decisions highlighting this week’s economic calendar.

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Key Data Releases

Weekly Technical Outlook: USD Crosses Eye Make or Break Levels

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Other Setups in Play:

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---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.