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USDCAD TECHS

Heading North

GLOBAL POLITICAL RISK

Modi, AMLO Top Major Economy Leader Poll, Macron Last

AUDUSD TECHS

Under Pressure

EURJPY TECHS

Trend Condition Remains Bearish

Bull Trend Resumes

AUSSIE TECHS
  • RES 4: 0.7516 76.4% retracement of the 2018 - 2020 Sell-off
  • RES 3: 0.7394 High Dec 4, 2018
  • RES 2: 0.7356 High Dec 5, 2018
  • RES 1: 0.7295 Intraday high
  • PRICE: 0.7290 @ 06:36 BST Aug 28
  • SUP 1: 0.7217 Low Aug 27
  • SUP 2: 0.7175 20-day EMA
  • SUP 3: 0.7136/09 Low Aug 20 / Low Aug 12 and the bear trigger
  • SUP 4: 0.7076 Low Aug 3 and a key support

USDJPY bulls are back with the pair trading to fresh trend highs above former resistance at 0.7276, Aug 19 high. The break confirms a resumption of the underlying uptrend and maintains the bullish price sequence of higher highs and higher lows. Attention is on 0.7356 next, Dec 5 2018 high ahead of 0.7394, Dec 4 high 2018. On the downside, key trend support lies at 0.7136, Aug 20 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