Weekly Technical Trade Levels on USD Majors, Commodities & Stocks USD Exhaustion Trade Searches Support- S&P 500, Nasdaq, Dow Breakout Levels In last week’s Strategy Webinar we discussed the US Dollar exhaustion trade as DXY reversed off downtrend resistance – the focus heading into the start of the week / month is on possible downside exhaustion for the correction. Numerous USD Majors are facing similar technical setups into the August open and the levels are well-defined as we look to key event risk this week from the RBA, BoE, Canada employment and US Non-Farm Payrolls ( NFP ). A close look at the equity markets highlights the threat for continued strength in all three major indices on the back of this recent breakout – the potential resistance objectives heading into the monthly open. You can always find the latest Strategy Webinar on my YouTube playlist . For a complete breakdown of Michael’s trading strategy, review his Foundations of Technical Analysis series on Building a Trading Strategy Economic Calendar DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.