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

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

2020-10-12 14:46:00
Michael Boutros, Strategist
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Weekly Technical Trade Levels on USD Majors / Commodities

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Dollar Losses Mount, Support in View– Gold Rebound Faces First Major Test

The US Dollar losses have continued to mount over the past two weeks with DXY down more than 1.8% off the September high. The moves takes USD majors into key pivot zones into the start of the week and we’re looking for possible inflection on some of these recent stretches. Meanwhile, a multi-week rally in gold is now testing medium-term downtrend resistance and leaves the recovery vulnerable into the start of the week. An in-depth look at the technical levels for the Dollar Index, EUR/USD, AUD/USD, USD/CAD, Gold, USD/JPY, NZD/USD, USD/CHF, SPX500 & GBP/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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