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Technical Trade Levels: Dollar, EUR/USD, USD/MXN, GBP/USD, Gold & SPX

Technical Trade Levels: Dollar, EUR/USD, USD/MXN, GBP/USD, Gold & SPX

Michael Boutros, Strategist

Weekly Technical Trade Levels on USD Majors / Commodities

US Dollar Majors Range at Key Technical Levels - Gold Breakout Still Vulnerable

We’re heading into the final days of June trade and the close of the month / quarter is always a red flag trading environment for near-term setups. That said, the US Dollar Index (DXY) and Euro are holding key multi-week ranges heading into the shortened holiday week and the levels are clear. For gold, the focus remains on uptrend resistance with the breakout rally still governed by this multi-year slope. In this webinar, we review the updated technical trade setups on DXY, EUR/USD, USD/JPY,USD/MXN, Gold(XAU/USD), S&P 500 (SPX500), GBP/USD, USD/CAD, AUD/USD and NZD/USD. Stay nimble into the July open with US Non-farm Payrolls on tap Thursday.

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For a complete breakdown of Michael’s trading strategy, review his Foundations of Technical Analysis series on Building a Trading Strategy

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

Follow Michael on Twitter @MBForex

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

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