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.
Australian Dollar Outlook: AUD/USD Break Tests First Aussie Hurdle 2021-03-09 18:30:00 Michael Boutros, Strategist
Australian Dollar Technical Price Outlook: Near-term Trade Levels
Australian Dollar technical trade level update – Daily & Intraday Charts
AUD/USD correction testing first major technical support- risk for near-term price inflection
Near-term support objectives 7618, 7523 Key - Resistance into 7800/36 Advertisement
The Australian Dollar is virtually unchanged against the US Dollar for the week after rebounding off key support. While the recovery may yet have another leg, the broader risk remains tilted to the downside while below the monthly range highs. 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 Bearish Rebuke- BoC Battle Lines 2021-03-08 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 above key technical support
Bears vulnerable while above 1.2575 – resistance at 1.2723, bearish invalidation 1.2881
The Canadian Dollar bulls have been halted at multi-year extremes with USD/CAD carving the March opening-range just above critical support. The battle-lines are drawn heading into the BoC this week and we’re on the lookout for a breakout of this range to offer further guidance in the days ahead. 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 March Lower- AUD/USD Eyes 2021 Low
2021-03-07 04:00:00
Michael Boutros,
Strategist
Australian Dollar Technical Price Outlook: AUD/USD Weekly Trade Levels
Australian Dollar technical trade level update - Weekly Chart
AUD/USD reversal looks to challenge 2021 range lows
Aussie key support into 7563– key resistance back at 7836
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The Australian Dollar has plummeted more than 4.8% against the US Dollar off the January highs with the late-February sell-off carrying over into the start of March trade. The reversal off multi-year highs threatens a deeper correction in the weeks ahead – our focus is on a reaction on a test of the yearly range lows just lower. These are the updated targets and invalidation levels that matter on the AUD/USD weekly price chart heading into the close of the year. for an in-depth breakdown of this Aussie technical setup 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.