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CHINA RATES

China Repo Rates Diverge on Tuesday

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USD Giving Back Some Of Monday’s Rally

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December Cut To 5-Year LPR Possible Without  Lower MLF

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$1.1862 Resistance Key This.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: $1.1862 Resistance Key This Week
*RES 4: $1.1846 21-DMA 
*RES 3: $1.1833 55-DMA 
*RES 2: $1.1788 High Oct 4 
*RES 1: $1.1746 Hourly support Oct 4 now resistance
*PRICE: $1.1717 @ 1930GMT
*SUP 1: $1.1661 Low Aug 17 
*SUP 2: $1.1651 Daily Bear channel base 
*SUP 3: $1.1611 Low July 26 
*SUP 4: $1.1599 100-DMA
*COMMENTARY: Follow through was lacking on fresh lows for the week Friday with
the pair finding support and bouncing ahead of the daily bear channel base and
layers of support $1.1583-1.1661. Below $1.1583 is needed to see bears shift
focus to $1.1477. Bulls now need a close above $1.1746 to gain breathing room
and above $1.1788 to hint at a correction back to $1.1833-62 where 21 & 55-DMAs
are noted.

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