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MONTH-END EXTENSIONS

Updated Barclays/Bbg Extension Estimates for US

US TSYS

Late Session Selling

EURJPY TECHS

Consolidation Mode

FED

MNI Interview: St Louis Fed Economist

COLOMBIA

Rates on hold at 1.75%

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  • RES 4: 0.7534 High Jul 7
  • RES 3: 0.7503 High Ju13
  • RES 2: 0.7464 20-day EMA
  • RES 1: 0.7429 High Jul 19
  • PRICE: 0.7361 @ 06:36 BST Jul 22
  • SUP 2: 0.7290 Low Jul 21
  • SUP 3: 0.7284/69 Low Nov 24, 2020 / 2.0% 10-dma envelope
  • SUP 3: 0.7235 1.382 proj of Feb 25 - Apr 1 - May 10 price swing
  • SUP 4: 0.7222 Low Nov 13, 2020

AUDUSD outlook remains bearish. This follows the recent sell-off that prompted new multi-month lows and a breach of the channel base at 0.7360. The channel is drawn from the Feb 25 high and the move lower marks an important short-term technical break. Scope is for weakness towards 0.7235 next, the 1.236 projection of the Feb 25 - Apr 1 - May 10 price swing. On the upside, initial resistance is seen at 0.7429, Jul 19 high.