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BLOCK, Jun'23 SOFR/Eurodlr Call Spd


Bullish Outlook


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Bullish Focus *RES 4: 0.6985 76.4%.....>

AUSSIE TECHS: Bullish Focus
*RES 4: 0.6985 76.4% retracement of Jul 19 - Oct 2 decline
*RES 3: 0.6955 High Jul 26
*RES 2: 0.6939 High Dec 13 and key resistance
*RES 1: 0.6913 Intraday high
*PRICE: 0.6906 @ 06:19 GMT Dec 23
*SUP 1: 0.6838 Low Dec 17 and key intraday support
*SUP 2: 0.6800 Low Dec 10
*SUP 3: 0.6754/52 Low Nov 29 / Low Oct 17 and key support
*SUP 4: 0.6724 Low Oct 16
AUDUSD trendline support, drawn off the Dec 2 low held last Wednesday. In terms
of candle signals, the candle pattern on Dec 18 is a doji. A doji is regarded as
a reliable signal in identifying the end of a correction and in this instance
suggests the Dec 13 - Dec 17 pullback has run its course. The fact that
trendline support held reinforces the pattern. Also, the subsequent recovery is
encouraging for bulls. Attention is on 0.6939 with support at 0.6838.

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