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USDCAD TECHS

Pullback Considered Corrective

AUDUSD TECHS

Holding Above Recent Lows

US EURODLR OPTIONS

BLOCK, Large 3Y Midcurve Put Condor

EURO-YEN
EURO-YEN: After a brief look below Y130.00 in Wednesday's Asia-Pacific session
the cross now sits back above Y131.00, after touching Y131.18, aided by the
latest leg higher in the JPY crosses after USD/JPY broke through Wednesday's
high, as Chinese stock indices move higher.
- Pressure returning to layers of resistance took its toll on Wednesday with the
pair breaking above the 100-DMA (Y130.24) and Y130.34 resistance. Bulls take
comfort as the pair gains topside traction and focus on Y131.37-93 where the
55-WMA and 200-DMA are located. Daily studies at overbought levels are the key
concern for bulls.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com