Weekly Technical Trade Levels on USD Majors / Commodities
- Technical setups we’re tracking across the USD Majors / Commodities heading into June close
- Updated trade levels on US Dollar,Euro, Sterling, Loonie, Gold, Bitcoin, Crude Oil and more!
- New to Gold Trading? Get started with this Free How to Trade Gold -Beginners Guide
US Dollar Breakout Potential – Gold, Bitcoin Range into Key Support – Oil at Resistance
Last week’s pullback from uptrend resistance in the DXY keeps the focus on possible resumption this week with the USD Majors in play heading into the close of the month. Gold prices continue to consolidate just above critical uptrend support and we’re looking for a breakout for guidance in the days ahead. Likewise, Bitcoin remains vulnerable to a deeper washout as the cryptos continue to tread water just above key support into the close of the month. As always, intraday trading conditions become more difficult into the close of the month / quarter with US Non-Farm Payrolls (NFP) on tap ahead of an extended holiday break- stay nimble. In this webinar we take an in-depth look at the key technical trade levels for US Dollar Index,US Treasuries Yields (US10Y), VIX,EUR/USD, GBP/USD, AUD/USD, AUD/JPY, NZD/USD, USD/CAD, Gold, Crude Oil (WTI), Bitcoin (BTC/USD), USD/JPY, AUDCAD and GBPCAD.
For a complete breakdown of Michael’s trading strategy, review his Foundations of Technical Analysis series on Building a Trading Strategy
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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.
