Weekly Technical Levels to Trade Forex & Commodities, Nov 4-8
The greenback tried to rally on Friday after US payrolls beat forecasts, but was undone by a soft manufacturing survey which left it looking heavy. Let’s follow these levels to trade this week as the US dollar may remain supported over stronger labor market reports.
EUR/USD – Technical Levels
Support Resistance
1.1101 1.1203
1.1036 1.124
1.0934 1.1342
Key Trading Level: 1.1138
USD/JPY – Daily Technical Levels
Support Resistance
107.62 109.02
107.05 109.86
105.65 111.26
Key Trading Level: 108.45
GBP/USD – Daily Technical Levels
Support Resistance
1.2838 1.3008
1.2738 1.3077
1.2568 1.3246
Key Trading Level: 1.2907
GOLD – XAU/USD – Daily Technical Levels
Support Resistance
1491.48 1527.07
1468.53 1539.71
1432.94 1575.3
Key Trading Level: 1504.12
WTI Crude Oil – Daily Technical Levels
Support Resistance
54.36 57.54
52.47 58.83
49.29 62.01
Key Trading Level: 55.65
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