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USDCAD TECHS

Trend Needle Points South

US TSYS

Fed Terminal Up To 5.06% in June 2023

AUDUSD TECHS

Heading North

US TSY FUTURES

Late Dec/Mar Tsy Roll Level Update

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AUDUSD TECHS
  • RES 4: 0.7599 High Jul 6, 2021
  • RES 3: 0.7556 High Oct 28, 2021 and a key resistance
  • RES 2: 0.7532 High Nov 2, 2021
  • RES 1: 0.7441 High Mar 7 and the bull trigger
  • PRICE: 0.7316 @ 17:43 GMT Mar 9
  • SUP 1: 0.7239 20-day EMA
  • SUP 2: 0.7210 50-day EMA
  • SUP 3: 0.7141 Low Feb 25
  • SUP 4: 0.7095 Low Feb 24

AUDUSD remains below Monday’s high of 0.7441. The recent pullback suggests scope for a deeper correction - Monday’s price pattern is a bearish shooting star candle, highlighting a short-term top. This has opened 0.7239/10, the 20- and 50-day EMA values. The trend outlook remains bullish though following recent gains and the break of resistance at 0.7314, Jan 13 high. A move higher would refocus attention on 0.7441, the bull trigger.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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