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USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

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  • RES 4: 0.7534 High Jul 7
  • RES 3: 0.7499/7503 50.0% of the May - Aug sell-off / High Jul 13
  • RES 2: 0.7410/78 High Sep 10 / High Sep 3 and the bull trigger
  • RES 1: 0.7347 High Sep 16
  • PRICE: 0.7273 @ 20:57 BST Sep 17
  • SUP 1: 0.7248 61.8% retracement of the Aug 20 - Sep 3 rally
  • SUP 2: 0.7222 Low Aug 27
  • SUP 3: 0.7106 Low Aug 20 and the bear trigger
  • SUP 4: 0.7053 38.2% retracement of the Mar '20 - Feb uptrend

AUDUSD traded lower again Friday, extending the pullback from 0.7478, Sep 3 high. The pair has breached its 20-day EMA and a deeper pullback would open 0.7248, a Fibonacci retracement. For bulls, 0.7478, Sep 3 high, marks the trigger for a resumption of the upleg that started Aug 20. A break would open the 0.7499/7503 resistance zone and establish a bullish sequence of higher highs and higher lows. For now though, a bearish theme dominates.