US Dollar Steams Ahead

Hi traders and welcome to the weekend wrap up. This past week saw some very positive news out of the US and very much shite news out of Europe. A positive NFP print capped off the USD gains with more event risk coming up in the new week. I have added a quick link to the economic calendar over at FxStreet. You can find it on the side bar navigation.

Key levels for the coming week:

Pair	Level(s) to watch	Description	Bias
EUR/USD	1.27953	Closes above key level 1.27953. Upward sloping trend line also a key level. Watch for short opportunity.	Bearish
EUR/JPY	129.738, 129.493	Narrow range in the short term. Look for breakout early this week.	Ranging
EUR/GBP	0.85894	Close above key level. Watch for long opportunity.	Bullish
EUR/AUD	1.4073, 1.42546	Upward sloping trend line held this week. Persisting Aussie weakness, but definitely oversold.	Ranging
EUR/CHF	1.2363, 1.238	Slightly bullish this week. Congestion range coming up. Break of 1.238 to confirm stronger bullish momentum.	Ranging
AUD/USD	0.91634, 0.9, 0.877	Another new low set for the end of the week. Continued bearish trend below 0.91634.	Bearish
AUD/JPY	89.087, 92.95	Weekly close above 91. Turns bias towards testing 93 level.	Bullish
NZD/USD	0.78289, 0.74565	Barely closes above bottom of consolidation range. May break early in the week.	Bearish
AUD/NZD	1.17336, 1.18484	Bullish close this week. May begin correction run this week.	Bearish
AUD/CAD	0.96389, 0.94815	Close above 0.96389 required to confirm possible bullish scenario. Short pin signal, but dangerous due to oversold conditions.	Bearish
USD/CHF	0.95529	Bullish close above 0.95529. Watch for long opportunity this week. Next target, 0.98 area.	Bullish
USD/JPY	99.88, 100.70	Bullish close above 100 level for the week. Look for long opportunity back towards this level.	Bullish
USD/CAD	1.055, 1.065	Confirmed close above 1.055. Watch for long opportunities this week targeting 1.065.	Bullish
XAU/USD	1236.8	Persistent strength in bear trend. Watch for short entry signal.	Bearish
SPX500	1654, 1600	Price action was bullish this week with a firm hold of 1600 level. Scenario is neutral for now.	Neutral
US Oil	103.6	Huge move for oil this week. Testing the upper trend line of long term triangle.	Bullish
GBP/USD	1.51754	Strong bearish momenum. Testing lower bound trend line of symmetrical triangle.	Bearish
GBP/JPY	151.727, 149.434	Pin bar fake out on the weekly chart. Watch for short setup this week.	Ranging
GBP/CAD	1.58770, 1.58	Break of upward sloping trend line. Well into correction move now, targeting 1.55	Bearish
GBP/AUD	1.662, 1.63828	Pin bar at key level; heads and shoulders pattern not yet confirmed. Watch for short opportunities back towards 1.662 level.	Ranging

As always, good luck for the coming week.