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AUSSIE 3-YEAR TECHS

(U1) Holding Onto Gains

ASIA

Indian Markets Closed

USDCAD TECHS

Heading North

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  • RES 4: 135.11 Bull channel top drawn off the Oct 30, 2020 low
  • RES 3: 134.80 High Feb 8, 2018
  • RES 2: 134.19 1.618 proj of Jun - Sep - Oct 2020 swing
  • RES 1: 133.76/34.13 High Jun 10 / High Jun 1 and the bull trigger
  • PRICE: 133.37 @ 16:25 BST Jun 14
  • SUP 1: 132.66 Low Jun 11
  • SUP 2: 132.52 Low May 24
  • SUP 3: 132.02 50-day EMA
  • SUP 4: 131.60 Bull channel base drawn off the Oct 30, 2020 low

EURJPY extended losses Friday, showing below the Jun 7 low to touch 132.67. This extends the lower end of the recent range and confirms a break of the 20-day EMA. The move lower raises the risk of a deeper correction with attention turning to the 50-day EMA at 132.02. First support is at 132.52, May 24 low. On the upside, firm resistance is seen at 133.76, Jun 10 high. A break would expose 134.13, Jun 1 high and the bull trigger.