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South Korea Announces Domestic Energy Policy

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2 yr Block trade

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MARKET INSIGHT

Price Signal Summary - EURUSD Cracks Support

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AUDUSD targets the 2022 low

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Bear Cycle Still In Play

USDCAD TECHS
  • 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: 1.2896/2982 High May 18 / High May 16
  • PRICE: 1.2834 @ 21:05 BST May 20
  • SUP 1: 1.2759 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 Friday. The recent move down though is considered corrective and the broader trend 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: 1.2896/2982 High May 18 / High May 16
  • PRICE: 1.2834 @ 21:05 BST May 20
  • SUP 1: 1.2759 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 Friday. The recent move down though is considered corrective and the broader trend 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.