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
Australian Dollar Outlook: AUD/USD Rips into April- Breakout Levels
2021-04-15 17:30:00
Michael Boutros,
Strategist
Australian Dollar Technical Price Outlook: Near-term Trade Levels
Australian Dollar technical trade level update – Daily & Intraday Charts
AUD/USD near-term breakout underway- rally targeting initial uptrend resistance
Near-term support 7664, 7593(key) - resistance objectives into 7770 & 7800/36
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The Australian Dollar has surged more than 3% off the monthly / yearly lows against the US Dollar with a near-term price breakout taking AUD/USD towards uptrend resistance. While a breach above the April range keeps the broader focus higher, the immediate advance may be vulnerable as Aussie goes for a third consecutive daily advance. These are the updated targets and invalidation levels that matter on the AUD/USD technical price charts. Review my latest Strategy Webinar for an in-depth breakdown of this Aussie setup and more.
Canadian Dollar Outlook: USD/CAD Range Coilsâ Loonie Break Imminent
2021-04-14 15:41:00
Michael Boutros,
Strategist
Canadian Dollar Technical Price Outlook: Near-term Trade Levels
Canadian Dollar updated technical trade levels – Daily & Intraday Charts
USD/CAD contracting into monthly opening range, below key resistance zone
Bulls vulnerable while above 1.26 – Key Support into 1.2473/89
The Canadian Dollar has continued to consolidate within the April range – just below resistance, just above trend support. We’re on breakout watch with the bulls vulnerable below the weekly high. These are the updated targets and invalidation levels that matter on the USD/CAD price charts. Review my latest Strategy Webinarfor an in-depth breakdown of this Loonie technical setup and more.
Australian Dollar Forecast: Aussie Support Grind- AUD/USD Breakout Pending 2021-04-12 17:30:00 Michael Boutros, Strategist
Australian Dollar Technical Price Outlook: AUD/USD Weekly Trade Levels
Australian Dollar technical trade level update - Weekly Chart
AUD/USD sell-off plunges into multi-month uptrend support / 2021 range low
Aussie key support into 7563– key resistance steady at 7836 Advertisement
The Australian Dollar plummeted nearly 6% against the US Dollar off the February highs with the decline now testing multi-month channel support. While the broader outlook remains constructive, the rally remains vulnerable here as the April range sets up just above the yearly lows. These are the updated targets and invalidation levels that matter on the AUD/USD weekly price chart heading into the close of the year. Review my latest Weekly Strategy Webinar for the an in-depth breakdown of th
Canadian Dollar Outlook: USD/CAD Plunges into April- Support Ahead 2021-04-05 19:00:00 Michael Boutros, Strategist
Canadian Dollar Technical Price Outlook: Near-term Trade Levels
Canadian Dollar updated technical trade levels – Daily & Intraday Charts
USD/CAD carving monthly opening range just below key technical pivot zone
Bears vulnerable while above 1.2473 – resistance at 1.2579, bearish invalidation 1.2713
The Canadian Dollar is ripping into the weekly open with USD/CAD plummeting more than 0.4% in early New York trade. The decline is now targeting a key technical pivot zone just lower and we’re looking for a reaction this week for guidance with the bears vulnerable into near-term uptrend support just. These are the updated targets and invalidation levels that matter on the USD/CAD price charts. Review my latest Strategy Webinar for an in-depth breakdown of this Loonie technical setup and more.