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USDCAD TECHS

Approaching Major Support

US TSYS SUMMARY

Inflation Concerns Underpin Bear Steepening

AUDUSD TECHS

Bullish Theme

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  • RES 4: 4110.24 High Jan 18, 2008
  • RES 3: 4047.72 2.236 proj of Dec 21 - Jan 8 rally from Jan 28 low
  • RES 2: 4000.00 Psychological round number
  • RES 1: 3988.10 High Apr 7
  • PRICE: 3961.90 @ Close Apr 12
  • SUP 1: 3950.18 Low Apr 6
  • SUP 2: 3910.90 Low Mar 31
  • SUP 3: 3891.59 20-day EMA
  • SUP 4: 3841.46 Low Mar 26

EUROSTOXX 50 remains bullish. The index registered a fresh trend high on Apr 6 of 3988.10. The recovery from 3784.09, Mar 25 low, confirmed a resumption of the uptrend, extending the bullish price sequence of higher highs and higher lows. Attention is on the psychological 4000.00 handle next. On the downside, key trend support is at 3784.09. A break is required to signal a potential short-term top. Bullish!