Forex Majors – Key Technical Levels to Trade Today - Forex News by FX Leaders
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Forex Majors – Key Technical Levels to Trade Today

Posted Thursday, May 16, 2019 by
Arslan Butt • 1 min read

It’s relatively calm over the remainder of the Asian session today, although RBA Assistant governor Michele Bullock spoke early in the day. It’s quiet in the European trading concerning data releases, however, we do hear from Buba President Jens Weidmann during the day. With that, most of the focus switches to technical analysis, and here we are with fresh trading levels to trade major forex currency pairs.

EUR/USD – Technical Outlook
Support Resistance
1.119 1.1234
1.1174 1.126
1.1131 1.1304
Key Trading Level: 1.1217

USD/JPY – Technical Outlook
Support Resistance
109.47 109.8
109.29 109.95
108.96 110.28
Key Trading Level: 109.62

GBP/USD – Technical Outlook
Support Resistance
1.2887 1.2951
1.2864 1.299
1.28 1.3053
Key Trading Level: 1.2927

AUD/USD – Technical Outlook
Support Resistance
0.6933 0.6954
0.6923 0.6966
0.6901 0.6988
Key Trading Level: 0.6945

USD/CAD – Technical Outlook
Support Resistance
1.3447 1.3478
1.3435 1.3499
1.3404 1.3531
Key Trading Level: 1.3467

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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