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Technical Levels for US Dollar, AUD/USD, Gold, Oil, SPX & Bitcoin

Technical Levels for US Dollar, AUD/USD, Gold, Oil, SPX & Bitcoin

Michael Boutros, Strategist

Weekly Technical Trade Levels on USD Majors / Commodities


US Dollar Down but Not Out. . . Yet – Gold Threatens Major Resistance Breakout

The Dollar plunged into key support early in the month before rebounding with the recovery reversing back towards the lows late-last week. Yearly open support at 89.93 is our line in the sand- a break / close below would be needed to mark resumption of the broader USD downtrend. Meanwhile, gold is probing the yearly high-week reversal close at 1850 with near-term uptrend resistance just higher – we’re looking for possible inflection on this stretch with a breach / close above threatening another major leg higher in the XAU/USD breakout. In this webinar we take an in-depth look at the key technical levels for the US Dollar Index, EUR/USD, GBP/USD, AUD/USD, USD/CAD, Gold, Oil (WTI), SPX, Treasuries Yields (US10Y), Bitcoin (BTC/USD),Oil (WTI), USD/JPY, USD/CHF, EUR/AUD and EUR/NZD.

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

Key Event Risk This Week - USD, EUR, AUD, GBP, JPY Economic Calendar - Major Data Releases

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.