Free Trial
AUSSIE 3-YEAR TECHS

(H2) Fading End-2021 Strength

ASIA

Coming up in the Asia-Pac session on Tuesday:

USDCAD TECHS

Corrective Bounce

AUDUSD TECHS

Bearish Threat Following Friday’s Sell-Off

EURJPY TECHS

Finds Support Below The 50-Day EMA

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RES 4: 1.3002 2.0% 10-dma envelope
  • RES 3: 1.2949 High Aug 20 and a key resistance
  • RES 2: 1.2896 High Sep 20
  • RES 1: 1.2854 High Dec 3
  • PRICE: 1.2779 @ 17:29 GMT Dec 6
  • SUP 1: 1.2714 Low Dec 1
  • SUP 2: 1.2641 Low Nov 25 Low Nov 1
  • SUP 3: 1.2580 50-day EMA
  • SUP 4: 1.2493 Low Nov 16

USDCAD faded into the Monday close, but steered clear of a re-test of the 1.2744 printed on Friday. The recent break of 1.2753, 76.4% of the Sep 20 - Oct 21 sell-off and 1.2775, Sep 29 high strengthened the current bullish set-up and signals scope for a climb towards 1.2896 next, Sep 20 high. On the downside, a key short-term support has been defined at 1.2641, Nov 25 low. A break of this level would threaten the current trend.