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BRENT TECHS

(N1) Approaching $70.00

USDCAD TECHS

Bears Still In Charge

EU

Timeline of key events (Times CET)

AUDUSD TECHS

Consolidating Above Support

EUROZONE T-BILL ISSUANCE

Bill supply for W/C May 3, 2021

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  • RES 4: 1.2653 High Apr 21 and the bull trigger
  • RES 3: 1.2491 High Apr 26
  • RES 2: 1.2415 20-day EMA
  • RES 1: 1.2365/2419 Low Mar 18 / High Apr 27
  • PRICE: 1.2293 @ 06:48 BST May 5
  • SUP 1: 1.2266 Low Apr 30 and the bear trigger
  • SUP 2: 1.2239 1.236 proj of Jan 28 - Feb 25 - Feb 26 price swing
  • SUP 3: 1.2178 1.382 proj of the Jan 28 - Feb 25 - Feb 26 price swing
  • SUP 4: 1.2127 2.0% 10-dma envelope

USDCAD is consolidating. The pair remains in bear mode following last week's move to fresh cycle lows. The break of 1.2365, Mar 18 low confirms a resumption of the downtrend that has been in place since March 2020. Moving average studies are in a bear mode, this reinforces current trend conditions. The focus is on 1.2239, a Fibonacci projection. On the upside, initial resistance is at 1.2365 and 1.2419. The latter is the Apr 27 high.