US Dollar Price Action Setups After Last Weeks Bullish Barrage

US Dollar Talking Points:

美元谈话要点：

- The US Dollar gained each day of last week as buyers showed-up to reverse a prior three-week pullback. The big question at this point is whether bulls can continue to press-up to fresh monthly highs, or whether last weeks resistance holds as another lower-high, similar to what had happened earlier in the month.

- 由于买家出现逆转前三周的回调，美元在上周每天都有所上涨。此时的一个重要问题是，多头是否可以继续上涨到新的月度高点，或者上周的阻力位是否为另一个较低的高点，与本月早些时候发生的情况类似。

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- US Dollar strength showed in an uneven manner last week, with pairs like GBP/USD, AUD/USD and NZD/USD all breaking away to set fresh lows. Moves in EUR/USD or USD/CAD, however, were far more subdued around themes of USD-strength, making for an interesting backdrop as we trade into this week.

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US Dollar Struggles at 98, Can Bulls Continue to Push？

美元在98年挣扎，公牛继续推动？

Last week was a strong showing for the US Dollar as the currency put in gains each day Monday through Friday. This quelled a pullback that had lasted for much of the prior three weeks, following a failure to push beyond the yearly-high that was set in late-April. This strength, however, appears to have been unevenly distributed as a number of currency pairs experienced significant sell-offs while the moves elsewhere were more subdued in nature. Pairs like GBP/USD, NZD/USD and AUD/USD showed large moves on their respective charts as US Dollar strength ran rampant. But in pairs like EUR/USD or USD/CAD, last weeks move in the Greenback appears to be a bit more tame. Below, I parse through each of these major currency pairs in the effort of devising strategy for the week ahead.

上周是由于美元周一至周五每天都在上涨，因此美元表现强劲。由于未能超越4月底设定的年度高点，这平息了前三周的大部分时间。然而，这种力量似乎分布不均，因为许多货币对经历了重大抛售，而其他货币对的走势则更为低迷。由于美元走势猖獗，英镑/美元，新西兰元/美元和澳元兑美元等均在各自的图表上出现大幅波动。但是，像欧元/美元或美元/加元一样，上周美元的走势似乎有点温和。下面，我将分析这些主要货币对，以便制定未来一周的策略。

US Dollar Daily Chart

美元戴y图表

Chart prepared by James Stanley

James Stanley编制的图表

US Dollar Outlook: Can Bulls Maintain？

美元展望：公牛可以维持？

The big question for this week is whether the US Dollar powers up for a test of the yearly-high around 98.32, or whether DXY ends up posting another lower-high, similar to what happened in early-May. That lower-high came-in around 98.10, and price action put in a respectable effort to re-test that level last week. But, at this point, buyers have fallen short and the currency has pulled back to start this week.

本周最大的问题是，美元是否能够测试98.32的年度高点，或者DXY是否会再次发布另一个低点，类似到5月初发生的事情。那个低点位于98.10附近，并且价格行动在上周重新测试了这个水平。但是，在这一点上，买家已经做空并且货币本周开始回落。

There are a couple of areas of relevance for pullback themes: Prices are currently testing a confluent zone between two Fibonacci levels of 97.86 and 97.94. A bit-lower, the prior yearly-high around 97.70 can be connected up to last weeks higher-low around 97.76.

有几个与回调主题相关的领域：价格目前正在测试两个斐波纳契水平之间的汇合区域为97.86和97.94。略低，先前的年度高点97.70可以连接到上周的高点 - 低点97.76附近。

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US Dollar Two-Hour Price Chart

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Chart prepared by James Stanley

James Stanley编制的图表

EUR/USD Falls Back Below Long-Term Support

欧元/美元跌回长期支撑位

Last week started optimistically for Euro bulls, as EUR/USD pushed up for a re-test of the resistance zone that runs from 1.1250-1.1262. But, similar to what was seen earlier this month, sellers responded at that area and took control of the matter, pushing prices back-below the prior support zone that held the range in the pair for the prior six months. Also similar to early-May, sellers failed to push down to a fresh low following that resistance reaction, and at this point, traders have to contend with yet another higher-low on the chart, making the prospect of bearish continuation strategies a bit less-attractive.

由于欧元兑美元推动重新测试从1.1250-1.1262开始的阻力区，上周开始乐观地看待欧元多头。但是，与本月早些时候看到的情况类似，卖方在该区域作出回应并控制了此事，推动价格回落至前六个月保持在该区域内的先前支撑区域之下。同样类似于5月初，卖家未能在阻力反应后跌至新低，此时，交易者不得不应对图表中的另一个更高的低点，使看跌延续策略的前景略微减少 - 有吸引力。

European parliamentary elections take place this week, and ECB meeting minutes from last month‘s meeting are released on Thursday. For traders looking to fade last week’s run of strength in the Greenback, reversal strategies may soon become attractive here. For those that are retaining a bearish EUR/USD bias, a pullback to resistance at that prior zone of support could re-open the door for such themes.

欧洲议会选举举行本周，欧洲央行上周会议纪要将于周四公布。对于希望在上周美元贬值的交易商来说，逆转策略可能很快就会变得有吸引力。对于那些保持看跌欧元/美元偏见的人来说，在之前的支撑区域回调阻力可能会重新打开这些主题的大门。

EUR/USD Four-Hour Price Chart

欧元/美元四 - 小时价格表

Chart prepared by James Stanley

James Stanley编制的图表

GBP/USD Poses Breakdown as USD Strength Runs Rampant

GBP / USD Poses由于美元强势运行猖獗而分解

One area where USD-bulls were not nearly as shy last week was against the British Pound. After starting the month of May on an upbeat note, sellers attacked to push the currency lower every day of the week. The pair is now testing fresh four-month-lows at a big area of support that runs from 1.2671-1.2721, with the latter of those prices as the 14.4% Fibonacci retracement of the April 2018 – January 2019 sell-off.

上周美元多头并不那么害羞的一个领域是英镑。在5月份的乐观情绪开始之后，卖家进行了攻击，以便在每周的每一天推低货币。该货币对目前正在测试新的4个月低位，支撑位在1.2671-1.2721附近，后者的价格为2018年4月 - 2019年1月抛售的14.4％斐波纳契折线。

Below current price action, the 1.2671 level remains of interest for short-term support, and below that, 1.2620 and 1.2525 show as possible supports. For those looking for a pullback to sell-into, prior price action swings around 1.2771 and 1.2829 remain of interest for near-term resistance.

在目前的价格走势下，1.2671水平仍然对短期支撑感兴趣，在此之下，1.2620和1.2525显示可能的支撑位。对于那些寻求回调卖出的人来说，之前的价格走势在1.2771附近波动，并且对近期阻力位仍然有利于1.2829。

GBP/USD Four-Hour Price Chart

英镑/美元四小时价格走势图

Chart prepared by James Stanley

图表由James Stanley编制

USD/CAD Holds 1.3500 Resistance

美元/加元持有1.3500阻力

USD/CAD remained remarkably subdued last week given the backdrop in the US Dollar, as USD/CAD continued to grind near resistance around the psychologically important price of 1.3500. This can keep the pair as one of the more interesting markets to follow for themes of USD-weakness. Current support is showing around 1.3423, which is the 78.6% retracement of the May-September 2017 major move. A little-lower is a confluent support zone that runs from 1.3361-1.3385, with the 1.3375 Fibonacci level catching two support bounces over the previous month.

由于美元/加元在心理上重要的1.3500附近继续走近阻力位，美元/加元上周依然显着疲软。这可以使该货币对成为更受关注的货币对之一市场将关注美元疲软的主题。目前的支撑位在1.3423附近，这是2017年5月至9月重大举措的78.6％回撤位。稍微低一点是汇合支撑区域，从1.3361-1.3385开始，1.3375斐波纳契水平在前一个月内获得两次支撑反弹。

Will the third test see prices finally break-below？ If so, the 1.3325 area lurks for the next stop of support potential.

第三次测试最终会看到价格下跌？如果是这样，1.3325区域潜伏着下一站的支撑潜力。

USD/CAD Four-Hour Price Chart

美元/加元四小时价格图表

Chart prepared by James Stanley

James Stanley编制的图表

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AUD/USD: Unfilled Gap Remains After a Brutal Week

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Last week was rough for the Australian Dollar with losses on each day Monday-Friday. After clinging to the .7000 level coming into the month of May, last week is when sellers were finally able to make a break-away on the chart to push down to fresh four-month-lows.

上周周一至周五每天损失澳元。在紧接着5月份的.7000水平之后，上周是卖家终于能够在图表上突破至新的四个月低点。

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AUD/USD Two-Hour Price Chart

澳元/美元两小时价格图表

Chart prepared by James Stanley

詹姆斯·斯坦利编制的图表

NZD/USD Attempts to Cauterize Support Around .6500 Psychological Level

新西兰元/美元试图灼烧支持.6500心理水平

Similar to AUD/USD above, last week was a brutal showing for the New Zealand Dollar. The primary difference at this point, at least from a short-term perspective, is the fact that NZD/USD has already filled its opening gap. Current support is showing just above the .6500 psychological level, taken from the 76.4% Fibonacci retracement of the 2015-2017 major move. This price was last in play around the November open, when price action set a higher-low before a 450 pip rally that held into the December open.

与澳元/美元相似上周对新西兰元来说是一个残酷的表现。至少从短期来看，这一点的主要区别在于新西兰元/美元已经填补了其开盘缺口。目前的支撑位于.6500心理水平，取自2015 - 2017年重大举措的76.4％斐波那契回撤。该价格在11月开盘前最后一次发挥作用，当价格行动在12月开盘前的450点的反弹之前创下一个较高的低点。 。

NZD/USD Four-Hour Price Chart

新西兰元/美元四小时价格图表

Chart prepared by James Stanley

图表由James Stanley编写