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AUSSIE 10-YEAR TECHS

(Z1) Off Lows, But Remains Weak

USDCAD TECHS

Still Vulnerable

AUDUSD TECHS

Bullish Price Sequence

Bullish Theme Dominates

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: 0.7467 3.0% 10-dma envelope
  • RES 1: 0.7414 High Sep 1
  • PRICE: 0.7357 @ 06:12 BST Sep 2
  • SUP 1: 0.7276 High Aug 19 and the former breakout level
  • SUP 2: 0.7255 Low Aug 28
  • SUP 3: 0.722620-day EMA
  • SUP 4: 0.7136/09 Low Aug 20 / Low Aug 12 and the bear trigger

AUDUSD bulls remain in control and the pair is holding onto recent gains. The strong rally on Aug 8 confirmed a clear break of 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 is on 0.7467 next, a volatility band resistance. On the downside, 0.7276 marks initial firm support.

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