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Technical Trade Levels: Dollar, EUR/USD, USD/CAD, AUD/USD, Gold & SPX

Technical Trade Levels: Dollar, EUR/USD, USD/CAD, AUD/USD, Gold & SPX

2020-07-06 15:30:00
Michael Boutros, Strategist
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Weekly Technical Trade Levels on USD Majors / Commodities

US Dollar Dives as Majors US Equity Indices Rise - Gold Breakout Under Review

The US Dollar is trading heavy into the start of the week with the greenback weaker against all its major counterparts save the Japanese Yen in early US trade. That said, the DXY is eyeing confluence support near the objective yearly open just lower and we’re looking for a reaction there IF reached. The gold breakout remains in a precarious position with price trading just above long-term uptrend resistance – watch price action closely into the open. In this webinar, we review the updated technical trade setups on DXY, EUR/USD, GBP/USD,AUD/USD, USD/CAD, USD/JPY, Gold(XAU/USD), S&P 500 (SPX500), NZD/USD, AUD/NZD and GBP/AUD.

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---Written by Michael Boutros, Currency Strategist with FxNews

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