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Technical Trade Levels: Dollar, Euro, Sterling, Loonie, Gold & SPX

Technical Trade Levels: Dollar, Euro, Sterling, Loonie, Gold & SPX

2020-10-05 15:00:00
Michael Boutros, Strategist
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Weekly Technical Trade Levels on USD Majors / Commodities

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Dollar Plummets into Key Support / Inflection Zone – Gold Recovery Remains Vulnerable

An in-depth review of the USD majors into the start of the week. The DXY is attempting to break near-term uptrend support and the focus is on possible downside exhaustion early in the week. Likewise, numerous dollar setups are trading at key inflection zones into the October open and we’re looking for a reaction here over the next few days to offer guidance. An in-depth look at the technical levels for the Dollar Index, EUR/USD, GBP/USD, USD/CAD, AUD/USD, USD/MXN, Gold, SPX & USD/CHF.

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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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