The AUD/USD, USD/CAD, USD/JPY, Gold, Silver, and Oil are all important assets to keep an eye on in the coming week. Let’s take a look at their technical outlook.
AUD/USD:
The Australian dollar against the US dollar pair has been trading in a sideways range recently. It is important to watch for a breakout either above the resistance level or below the support level to determine the next direction for this pair.
USD/CAD:
The US dollar against the Canadian dollar pair has been showing some strength recently. It is currently testing a key resistance level, and a break above this level could indicate further upside potential for this pair.
USD/JPY:
The US dollar against the Japanese yen pair has been in a downtrend for the past few weeks. It is important to watch for a break below the support level to confirm the continuation of this downtrend.
Gold:
Gold prices have been trading in a range recently, with strong support at the lower end of the range. It is important to watch for a break above the resistance level to indicate a potential move higher for gold.
Silver:
Silver prices have also been trading in a range, with strong support at the lower end of the range. It is important to watch for a break above the resistance level to confirm a potential move higher for silver.
Oil:
Oil prices have been trending higher recently, with strong support at the lower end of the trend. It is important to watch for a break above the resistance level to indicate further upside potential for oil.
Overall, it is important to keep a close eye on these assets in the coming week to determine potential trading opportunities based on their technical outlook.