Weekly Technical Trade Levels on USD Majors / Commodities
- Technical setups we’re tracking across the USD Majors / Commodities
- Updated trade levels on US Dollar, GBP/USD, AUD/USD, Gold, Bitcoin & more!
- New to Gold Trading? Get started with this Free How to Trade Gold -Beginners Guide
US Dollar Sell-off Vulnerable into Weekly Open– Sterling Holds Resistance Ahead of BoE
The US Dollar price collapse is entering its fifth consecutive week after the DXY broke below multi-year uptrend support. The decline may be vulnerable heading into the start of the week with the threat of downside exhaustion mounting just above trend support. Likewise- the Sterling rally has continued to consolidated just below long-term trend resistance and we’re looking for a reaction. An in-depth look at the technical levels for the US Dollar Index, EUR/USD, GBP/USD, AUD/USD, USD/CAD, Gold, SPX500, Bitcoin (BTC/USD), NZD/USD, USD/CHF and USD/JPY.
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
