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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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Bear Cycle Extension

USDCAD TECHS
Foreign Exchange Technical Analysismarkets-real-timeBulletMarketsForeign Exchange
  • RES 4: 1.3185 High Nov 13 2020 and 2.0% 10-dma envelope
  • RES 3: 1.3091 High Nov 24 2020
  • RES 2: 1.3077 High May 16 and the bull trigger
  • RES 1: 1.2982 High May 16
  • PRICE: 1.2819 @ 21:34 BST May 19
  • SUP 1: 1.2756 50-day EMA
  • SUP 2: 1.2714 Low May 5 and a key support
  • SUP 3: 1.2568 Low Apr 22
  • SUP 4: 1.2459 Low Apr 21

USDCAD remains below 1.3077, May 16 high, and maintains a short-term bearish tone - the pair traded lower Thursday. The recent move down though is considered corrective and the broader outlook is bullish. Recent gains resulted in a breach of 1.2914, May 2 high, and 1.2964, the Dec 20 2021 high. The break of the latter marks an important medium-term bullish development. Key support to watch is at 1.2714, the May 5 low.

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  • RES 4: 1.3185 High Nov 13 2020 and 2.0% 10-dma envelope
  • RES 3: 1.3091 High Nov 24 2020
  • RES 2: 1.3077 High May 16 and the bull trigger
  • RES 1: 1.2982 High May 16
  • PRICE: 1.2819 @ 21:34 BST May 19
  • SUP 1: 1.2756 50-day EMA
  • SUP 2: 1.2714 Low May 5 and a key support
  • SUP 3: 1.2568 Low Apr 22
  • SUP 4: 1.2459 Low Apr 21

USDCAD remains below 1.3077, May 16 high, and maintains a short-term bearish tone - the pair traded lower Thursday. The recent move down though is considered corrective and the broader outlook is bullish. Recent gains resulted in a breach of 1.2914, May 2 high, and 1.2964, the Dec 20 2021 high. The break of the latter marks an important medium-term bullish development. Key support to watch is at 1.2714, the May 5 low.