Forex & Commodities Trading Levels on Friday

The US Dollar Index (DXY) is looking to expand weekly recovery over the 97.70/80 bands. The greenback keeps the positive play well so far this week, managing to breach over the critical 200-day SMA in the 97.40. Check out the below technical levels to have a better grip on the market today.

EUR/USD – Technical Levels
Support Resistance
1.1112 1.1147
1.1092 1.1161
1.1058 1.1195
Key Trading Level: 1.1126

USD/JPY – Technical Levels
Support Resistance
108.39 108.81
108.12 108.97
107.69 109.4
Key Trading Level: 108.55

GBP/USD – Technical Levels
Support Resistance
1.2864 1.2945
1.2813 1.2974
1.2733 1.3054
Key Trading Level: 1.2894

GOLD – Technical Levels
Support Resistance
1488.42 1496.6
1484.23 1500.58
1476.06 1508.76
Key Trading Level: 1492.41

WTI CRUDE OIL – Technical Levels
Support Resistance
54.21 56.66
52.69 57.6
50.23 60.05
Key Trading Level: 55.14

 

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ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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