Dollar, GBP/USD, AUD/USD, USD/CAD, Gold & SPX Technical Levels
Weekly Technical Trade Levels on USD Majors / Commodities
- Technical setups we’re tracking across the USD Majors / Commodities
- Updated trade levels on Dollar, GBP/USD, AUD/USD, USD/CAD, Gold, SPX & more!
- New to Gold Trading? Get started with this Free How to Trade Gold -Beginners Guide
Post-FOMC Drift Across USD Majors – Gold Recovery Vulnerable as Stocks Rebound
Markets are quiet - last week’s Fed rate decision offered little guidance from a price action standpoint with numerous USD Majors continuing to drift within the March range. Although momentum / volatility is lacking, the levels are clear with breakouts pending across the spectrum. For gold, the focus remains on possible topside exhaustion on the back of a nearly 4.7% rally off the monthly lows- stay sharp here. Markets may be in a subdued state for now but the longer this lasts, the bigger the break. In this webinar we take an in-depth look at the technical levels for the US Dollar Index, EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/MXN, Gold, SPX, USD/CAD, Crude Oil (WTI), U10Y, USD/CHF and EUR/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
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.