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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.

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

Key Event Risk This Week

Economic Calendar

Economic Calendar - latest economic development and upcoming event risk

---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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