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Dollar, GBP/USD, AUD/USD, Gold & Bitcoin Technical Trade Levels

Dollar, GBP/USD, AUD/USD, Gold & Bitcoin Technical Trade Levels

Michael Boutros, Strategist

Weekly Technical Trade Levels on USD Majors / Commodities

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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.

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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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