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Technical Trade Levels: US Dollar, Gold, GBP/USD, USD/CAD & AUD/USD

Technical Trade Levels: US Dollar, Gold, GBP/USD, USD/CAD & AUD/USD

2020-04-13 15:30:00
Michael Boutros, Strategist
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Weekly Technical Trade Levels on USD Majors / Commodities

US Dollar Opens at Support , Rallies Vulnerable - Gold Rebound Targets Yearly High

The US Dollar Index (DXY) posted the smallest range in over a month last week with price pulling back below uptrend resistance into the close on Friday. The index is threatening a near-term recovery but the broader risk remains for a deeper pullback in price. Gold has continued to press higher with the advance now approaching a the yearly highs after plummeting more than 14% last month – it’s make-or-break for gold prices heading into 1713. In this webinar, we review the updated technical trade setups on DXY, EUR/USD,GBP/USD, AUD/USD, Gold(XAU/USD), USD/MXN, Crude Oil (WTI), S&P 500 (SPX500),USD/CAD, USD/CHF, CAD/JPY and EUR/AUD.

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---Written by Michael Boutros, Currency Strategist with DailyFX

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