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JGB TECHS

(M2) Correction Extends

US STOCKS

Late Session Rebound

AUSSIE 10-YEAR TECHS

(M2) Corrective Cycle Remains In Play

AUSSIE 3-YEAR TECHS

(M2) Gains Still Considered Corrective

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Breaches Key Support

AUDUSD TECHS
  • RES 4: 0.7371 High Nov 15
  • RES 3: 0.7277/7314 High Jan 20 / High Jan 13
  • RES 2: 0.7208 50-day EMA
  • RES 1: 0.7130/7176 Low Jan 7 / 20-day EMA
  • PRICE: 0.6995 @ 15:23 GMT Jan 28
  • SUP 1: 0.6963 Low Jul 16, 2020
  • SUP 2: 0.6921 Low Jul 14, 2020
  • SUP 3: 0.6884 0.764 proj of the Oct ‘21 - Dec ‘21 - Jan price swing
  • SUP 4: 0.6759 50.0% Fibonacci retrace of the Mar ‘19 - Feb ‘21 rally

AUDUSD weakness has extended today and resulted in a break of key support at 0.6993/91, the Dec 3 2021 and Nov 2 2020 lows. The break of this support zone reinforces bearish conditions and confirms a resumption of the broader downtrend that started in February 2021. The focus is on 0.6963/21, the Jul 16 and Jul 14 2020 lows. Firm short-term resistance is seen at 0.7130, the Jan 7 low.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com
MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com

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