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AUDUSD TECHS

50-Day EMA Still Provides Support

EURJPY TECHS

Corrective Pullback

USDJPY TECHS

Approaching The Next Objectives

EURGBP TECHS

Attention Is On The 20-day EMA

Bull Trend Resumes

AUSSIE TECHS
  • RES 4: 0.7677 High June 6, 2018
  • RES 3: 0.7516 76.4% retracement of the 2018 - 2020 Sell-off
  • RES 2: 0.7437 3.0% 10-dma envelope
  • RES 1: 0.7403 High Aug 31
  • PRICE: 0.7379 @ 15:07 BST Aug 31
  • SUP 1: 0.7255 Low Aug 28
  • SUP 2: 0.7193 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

AUDUSD bulls are back following the firm finish to last week's session. Friday's strong rally has confirmed a clear break of the former resistance at 0.7276, Aug 19 high. The breach also confirms a resumption of the underlying uptrend and maintains the bullish price sequence of higher highs and higher lows. Attention remains on 0.7403, the Monday high. On the downside, key trend support lies at 0.7136, Aug 20 low.

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