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
Sterling Outlook: GBP/USD April Range Set on Support- Cable Levels 2021-04-12 20:00:00 Michael Boutros, Strategist
Sterling Technical Price Outlook: GBP/USD Trade Levels
Sterling technical trade level update – Daily & Intraday Charts
GBP/USD carves April opening-range just above support– breakout to offer guidance
Key support 1.346/75- near-term bearish invalidation 1.3824. Advertisement
The British Pound is poised to snap a four-day losing streak against the US Dollar with GBP/USD rebounding off key technical support into the weekly open. The recovery may be short lived however as Sterling continues to trade within the confines of a multi-month downtrend. These are the updated targets and invalidation levels that matter on the GBP/USD price charts. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this Sterling technical setup and more.
British Pound Technical Forecast: Sterling Recovery on the Ropes 2021-04-06 17:30:00 Michael Boutros, Strategist
Sterling Technical Price Outlook: GBP/USD Weekly Trade Levels
Sterling technical trade level update – Weekly Chart
GBP/USD April recovery off support now approaching initial resistance
Resistance at 1.3931, 1.4024 Key – Support 1.3675, broader bullish invalidation1.35 Advertisement
The British Pound is fractionally higher against the US Dollar early in the week with Sterling attempting to build on last week’s really. While a rebound off technical support leaves room for further near-term gains, the recovery remains vulnerable and we’re on the lookout for possible topside exhaustion just higher. These are the updated targets and invalidation levels that matter on the GBP/USD weekly technical chart. Review my latest Strategy Webinar for an in-depth breakdown of this Cable
Sterling plunged more than 2.7% off resistance at multi-year highs– risk for a March setback. Here are the levels that matter on the GBP/USD weekly technical chart.
British Pound snapped a three week-winning streak with the Sterling rally stalling at technical resistance. Here are the levels that matter on the GBP/USD weekly chart.