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Technical Levels for US Dollar, GBP/USD, USD/CAD, AUD/USD & Gold

Technical Levels for US Dollar, GBP/USD, USD/CAD, AUD/USD & Gold

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Weekly Technical Trade Levels on USD Majors / Commodities


Dollar Correction Searches for Support - Gold Recovery Risks Exhaustion

The ranges abide and while volatility has been in contraction, the levels are clean into the weekly open. The US Dollar Index (DXY) turned from major resistance early in the month with the pullback now searching for support – we’re on the lookout for a possible exhaustion low this week in the USD crosses. Meanwhile, gold seems to be drifting in early US trade on Monday and while trade remains constructive near-term, again we’re looking for possible topside exhaustion as the late-March rally approaches critical resistance. In this webinar we take an in-depth look at the key technical levels for the US Dollar Index, EUR/USD, GBP/USD, USD/CAD, AUD/USD, NZD/USD, Gold, USD/MXN, GBP/AUD, USD/JPY, SPX and GBP/CHF.

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---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.