US Dollar Near-term Technical Setups: USD/CAD, AUD/USD, GBP/USD
2021-04-16 18:38:00
Michael Boutros,
Strategist
Near-term Technical Outlook: USD/CAD, AUD/USD & GBP/USD
Loonie, Aussie & Sterling recoveries eyeing trend resistance
An update on trade setups we ve been tracking inthe Canadian Dollar, Australian Dollar and the British Pound. These are the technical targets and invalidation levels that matter heading into next week. Review my latest Strategy Webinar for an in-depth breakdown of thesetrade setups and more.
In my latest Canadian Dollar Price Outlook we noted that, “is contracting within the April opening-range, just below confluence resistance. From a trading standpoint, we’re on breakout watch with the broader recovery at risk below 1.26.” Price held below monthly open resistance this week at 1.2562 with USD/CAD continuing to press the lows towards key support at 1.2468/84- a region defined by the 61.8% retracement of the March rally and the yearly low-day clos
USD/CAD, AUD/USD, NZDU/USD Near-term Technical Setups 2021-04-05 18:55:00 Michael Boutros, Strategist
Near-term Technical Outlook: Trade Setups on USD/CAD, AUD/USD & NZD/USD
Recent commodity bloc rally- rebound or reversal?
Loonie, Aussie & Kiwi recovery eyeing trend resistance- April opening-ranges in focus Advertisement
An update on trade setups we ve been tracking inthe Canadian Dollar, Australian Dollar and New Zealand Dollar. The recent commodity bloc recovery may have more room to stretch, but the levels are well-defined as the rallies eye near-term trend extremes. These are the technical targets and invalidation levels that heading this week. Review my latest Strategy Webinar for an in-depth breakdown of thesetrade setups and more.
An update on technical setups we've been tracking in Loonie & Aussie. These are the targets and invalidation levels that matter heading into the close of the week.