Bitcoin (BTC/USD) Outlook: Bitcoin Post-Collapses Counter-Offensive
2021-06-09 19:42:00
Michael Boutros,
Strategist
Bitcoin Technical Price Outlook: BTC/USD Trade Levels
Bitcoin updated technical trade level– Daily & Intraday Charts
BTC/USD plunges towards key support at 30655- resistance / bearish invalidation 41930
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Bitcoin prices plummeted a staggering 53% from the record highs in April with the sell-off responding to downtrend support. Yesterday marked the third test of this critical support zone and while the broader outlook remains ominous from a technical backdrop, the immediate decline may be vulnerable here with the bears at risk in the near-term. These are the updated targets and invalidation levels that matter on the BTC/USD technical price charts. Review my latest Strategy Webinar for an in-depth breakdown of this Bitcoin setup and more.
Gold prices are contracting within the June opening range, just below critical resistance. These are the levels that matter on the XAU/USD technical charts.
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.
A Dollar reversal off was halted by Friday's inflation release as the index straddles yearly open support. The technical levels that matter on the DXY chart into June.
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.