Forex & Commodities Key Trading Levels to Watch This Week - Forex News by FX Leaders

Forex & Commodities Key Trading Levels to Watch This Week

Posted Wednesday, May 27, 2020 by
Arslan Butt • 1 min read

The US dollar remained weak across the board on the back of increased US –Sino tensions and risk-on market sentiment. It came under pressure for being the safe-haven currency and the world’s reserve currency during the risk-on trend.

Let’s take a look at key trading levels to watch this week.

EUR/USD – Daily Technical Levels

Support Resistance
1.0798 1.1009
1.0694 1.1114
1.0588 1.1219
Pivot Point 1.0904

GBP/USD – Daily Technical Levels

Support Resistance
1.2061 1.2283
1.1957 1.2401
1.184 1.2505
Pivot Point 1.2179

USD/JPY – Daily Technical Levels

Support Resistance
107.07 108.12
106.53 108.63
106.02 109.18
Pivot Point 107.58

GOLD – XAU/USD – Daily Technical Levels

Support Resistance
1708.6 1769.1
1681.7 1802.7
1648.1 1829.6
Pivot Point 1742.2

WTI Crude Oil – Daily Technical Levels

Support Resistance
30.3 35.43
27.35 37.61
25.17 40.56
Pivot Point 32.48

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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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