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USDCAD TECHS

Clearing Major Support

AUDUSD TECHS

Sizeable Resistance Building

EURJPY TECHS

Needle Still Points North

USDJPY TECHS

Bullish Argument Down, But Not Out

EURGBP TECHS

Attention Is On Resistance

CABLE
CABLE: Cable fell afoul of the broader USD strength on Thursday, and last deals
virtually unchanged at $1.3080 last.
- Cable eased back below its 100-DMA ($1.3141) yesterday which returns the focus
to the downside & the September 21 low ($1.3056). Bulls need a close above the
100-DMA to keep the recent broader uptrend intact, targeting the $1.3200 level.
- Yesterday saw BoE Chief Economist Andrew Haldane state that further monetary
tightening would be justified if growth continues at around its trend rate,
despite volatility in quarterly GDP data.
- The second Q2 GDP estimate is due later today, with BoE's Ramsden also due to
speak.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com