Technical Trade Levels: Dollar, Gold, Loonie, Peso, Sterling & Aussie
Weekly Technical Trade Levels on USD Majors / Commodities
- Technical trade setups we’re tracking across the USD Majors / Commodities this week
- Updated trade levels on US Dollar, Gold, USD/CAD, USD/MXN, GBP/USD, AUD/USDand more!
- New to Gold Trading? Get started with this Free How to Trade Gold -Beginners Guide
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.
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 - 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.