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AUSSIE 10-YEAR TECHS

(U2) More Stable But Still Fragile

USDCAD TECHS

Trend Structure Remains Bullish

US TSYS

Cautious Risk Appetite Gains Momentum

AUDUSD TECHS

Key Support Still Exposed

US STOCKS

Late Equity Roundup: 2W Highs

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Corrective Cycle

EURUSD TECHS
  • RES 4: 1.1076 High Apr 1
  • RES 3: 1.1018 50-day EMA
  • RES 2: 1.0989 High Apr 5
  • RES 1: 1.0936 High Apr 21
  • PRICE: 1.0785 @ 16:44 BST Apr 22
  • SUP 1: 1.0771/0758 Low Apr 22 / Low Apr 14 and the bear trigger
  • SUP 2: 1.0727 Low Apr 24, 2020 and bear trigger
  • SUP 3: 1.0659 0.764 proj of the Feb 10 - Mar 7 - 31 price swing
  • SUP 4: 1.0636 Low March 23 2020

EURUSD traded higher Thursday, however, the pair failed to hold on to its gains. A resumption of strength and a break of 1.0936 would signal scope for a continuation higher, potentially towards the 50-day EMA, at 1.1018. Short-term gains are still considered corrective and the 50-day EMA represents the next key resistance point. The bear trigger is unchanged at 1.0758, the Apr 14 low.

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  • RES 4: 1.1076 High Apr 1
  • RES 3: 1.1018 50-day EMA
  • RES 2: 1.0989 High Apr 5
  • RES 1: 1.0936 High Apr 21
  • PRICE: 1.0785 @ 16:44 BST Apr 22
  • SUP 1: 1.0771/0758 Low Apr 22 / Low Apr 14 and the bear trigger
  • SUP 2: 1.0727 Low Apr 24, 2020 and bear trigger
  • SUP 3: 1.0659 0.764 proj of the Feb 10 - Mar 7 - 31 price swing
  • SUP 4: 1.0636 Low March 23 2020

EURUSD traded higher Thursday, however, the pair failed to hold on to its gains. A resumption of strength and a break of 1.0936 would signal scope for a continuation higher, potentially towards the 50-day EMA, at 1.1018. Short-term gains are still considered corrective and the 50-day EMA represents the next key resistance point. The bear trigger is unchanged at 1.0758, the Apr 14 low.