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  • Canada extends Covid travel restrictions, only allowing essential travel to and from the US until May 21st. $USD $CAD
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Silver: 0.30% Oil - US Crude: 0.08% Gold: 0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/husHdqWE1m
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  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: US 500: -0.35% Wall Street: -0.41% Germany 30: -0.97% FTSE 100: -1.15% France 40: -1.40% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/0jQtVfHvdH
  • $NZDUSD hit a one month high today as the pair strengthened to the 0.7230 level. It met resistance at this level and has since headed slightly lower, falling back to support around 0.7200. $NZD $USD https://t.co/v6rUigaL18
  • Russia are reportedly amassing troops in South in response to Nato - IFX
  • Russian Defence Minister says Ukraine is attempting to destabilise the situation in Donbass - IFAX
  • The US Dollar is currently attempting to rebound from yesterday's levels. After falling to a six week low around 91.00 yesterday, the $DXY is now trading back above the 91.15 level. $USD https://t.co/wdr6ysR3hx
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.55%, while traders in Germany 30 are at opposite extremes with 80.61%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/bcF1DkhxFi
  • PBOC's Li: China has insufficiency of long-term capital, deficiency of equity capital. $CNH $CNY
Technical Trade Levels: Dollar, EUR/USD, AUD/USD, USD/MXN, Gold & SPX

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

Michael Boutros, Strategist

Weekly Technical Trade Levels on USD Majors / Commodities

US Dollar Test Yearly Open Support - Gold Breakout Approaching Initial Resistance Hurdle

The US Dollar is trading at yearly open support into the start of the week and we’re looking for a reaction today. Likewise, Euro is trading just below key Fibonacci resistance with the broader rally vulnerable into 1.1370- look for a close above this threshold to keep the long-bias viable in the days ahead. The gold breakout remains in focus with the advance now approaching subsequent resistance objectives near 1820. Stay nimble, the economic calendar is loaded this week. In this webinar, we review the updated technical trade setups on DXY, EUR/USD, GBP/USD,AUD/USD, USD/MXN,S&P 500 (SPX500), Gold(XAU/USD), USD/JPY, Silver and Copper.

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Apr 21
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Live Weekly Strategy Webinars on Mondays at 12:30GMT
Mid-Week Market Updates Featuring Michael Boutros, Strategist
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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.

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