Trial now
AUSSIE 10-YEAR TECHS

(M1) Pressures The 50-DMA

AUSSIE 3-YEAR TECHS

(M1) Directional Triggers Intact

USDCAD TECHS

Bears Hold All The Cards

AUDUSD TECHS

Trades Below Key Support

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RES 4: 0.9085 High Jan 6
  • RES 3: 0.8930/96 50-day EMA / High Jan 12
  • RES 2: 0.8862/0.8925 20-day EMA / High Jan 18 and key resistance
  • RES 1: 0.8840 High Feb 4
  • PRICE: 0.8769 @ 16:56 GMT Feb 8
  • SUP 1: 0.8711 Low May 11, 2020
  • SUP 2: 0.8691 Low May 5, 2020
  • SUP 3: 0.8671 Low Apr 30, 2020 and a key support
  • SUP 4: 0.8661 2.0% 10-dma envelope

The EURGBP bearish case strengthened on Feb 4 as the downtrend accelerated. The cross has breached the 1.0% 10-dma envelope base of 0.8750 and 0.8748, 61.8% of the Feb - Mar 2020 rally. Moving average studies are also still pointing south reinforcing current trend conditions. The focus is on 0.8711 next, the May 11, 2020 low. On the upside, initial resistance is at 0.8840.