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Technical Trade Levels: Dollar, Gold, Loonie, Peso, Sterling & Aussie

Technical Trade Levels: Dollar, Gold, Loonie, Peso, Sterling & Aussie

2020-08-17 15:30:00
Michael Boutros, Strategist
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Weekly Technical Trade Levels on USD Majors / Commodities

US Dollar Monthly Ranges in Play – Gold Recovery Vulnerable into Key Resistance

A broad swath of US Dollar Majors remain within the August opening-ranges and while the lull in volatility can be frustrating, the current ranges are pressing key long-term technical levels – and the longer they hold, the more profound the breakout. It’s a quiet week for data and the focus will be on a breakout of these monthly ranges. In this webinar, we review the updated technical trade setups on DXY, EUR/USD,GBP/USD, AUD/USD, USD/CAD, Gold, USD/MXN, USD/JPY, NZD/USD, GBP/AUD & XRP/USD.

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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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