Weekly Technical Outlook Summary
Author: Michael Boutros, Sr. Technical Strategist
Date: March 30, 2026
Overview
This article provides a technical analysis of key financial instruments including the US Dollar, commodities like gold and oil, and major equity indices. The focus is on identifying critical levels and potential trading setups as the month closes.
US Dollar (DXY)
The US Dollar Index is currently testing a significant resistance zone between 100.16 and 100.34. A daily close above this range could signal a continuation of the upward trend, with targets set at 101.00 and 101.78. Initial support is noted at 99.70, with a critical invalidation point at 99.49.
Australian Dollar (AUD/USD)
The Australian Dollar has broken below key support levels, indicating a bearish outlook. The current decline is testing slope support around 6840, with major support expected between 6790 and 6810. Resistance is now at 6969, and a breach above this level could indicate a potential reversal.
Upcoming Economic Events
Key economic data releases to watch include:
- US Retail Sales
- ADP Employment Report
- Non-Farm Payrolls (NFP)
These events are crucial as they may influence market movements and trading strategies heading into April.
Conclusion
Traders are advised to remain cautious and monitor the key levels outlined for the US Dollar and Australian Dollar as well as the upcoming economic data. The market is expected to be volatile due to the holiday week and significant data releases.