New Zealand Dollar Forecast: Kiwi Grinds at Resistance- NZD/USD Levels
2021-06-01 19:00:00
Michael Boutros,
Strategist
New Zealand Dollar Technical Price Outlook: NZD/USD Weekly Trade Levels
NZD/USD coiling into a contractionary range just below resistance- Breakout watch into June
Initial support 7150s, 7085 (key) – Critical resistance 7265/92
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The New Zealand Dollar is trapped in a contractionary zone against the US Dollar just below critical technical resistance and the focus is on a possible breakout as we head into the June open. These are the updated targets and invalidation levels that matter on the NZD/USD weekly price chart heading into next week. Review my latest Strategy Webinar for an in-depth breakdown of this Kiwitrade setup and more.
The Canadian Dollar rally has stalled with USD/CAD in consolidation just above critical technical support. Here are the levels that matter on the Loonie charts.
Sterling is back at key resistance near the yearly highs on building divergence. Here are the levels that matter on the GBP/USD weekly technical chart heading into June.
Euro Price Outlook: EUR/USD Rips into Yearly Open Resistance dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.
Oil Price Forecast: Crude Oil Rally at Risk as WTI Stalls at Resistance
2021-05-18 19:00:00
Michael Boutros,
Strategist
Crude Oil Technical Forecast: WTI Weekly Trade Levels
Crude Oil updated technical trade levels – Weekly Chart
WTI rally grinds into resistance for a third week– looking for inflection into 66
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Oil prices surged more than 17% off the March lows with a three-week rally now pressing technical resistance near the yearly highs. Despite a barrage of headlines regarding the Colonial Pipeline hack, disruptions in the gas supply chain and rising inflationary concerns, WTI has remained capped by a key technical resistance zone we’ve been tracking for months now. While the broader outlook remains constructive, the immediate advance may be vulnerable while below this threshold and we’re looking for possible price inflection in the days ahead to offer guidance. These are the updated targets and invalidation levels that matter on the oil price weekly