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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: 1.1953 1.0% 10-dma envelope
  • RES 3: 1.1909 High Jul 30 / Sep 03 and a key resistance
  • RES 2: 1.1846 High Sep 14
  • RES 1: 1.1806 20-day EMA
  • PRICE: 1.1730 @ 20:37 BST Sep 17
  • SUP 1: 1.1722 76.4% of the Aug 20 - Sep 3 rally
  • SUP 2: 1.1664 Low Aug 20 and the bear trigger
  • SUP 3: 1.1621 1.00 proj of the Jan 6 - Mar 31 - May 25 price swing
  • SUP 4: 1.1603 Low Nov 4, 2020

EURUSD remained soft Friday and again confirmed a resumption of bearish pressure. The pair last week cleared 1.1770, Sep 13 low resulting in a print below 1.1758, 61.8% of the Aug 20 - Sep 3 rally. Further weakness would open 1.1722, the 76.4 retracement ahead of the key support at 1.1664, the Aug 20 low. A break of 1.1664 would strengthen a medium-term bearish case. Initial firm resistance has been defined at 1.1846, Sep 14 high.