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USDCAD TECHS

Needle Still Points North

AUDUSD TECHS

Bearish Correction Still In Play

Cable test MNI tech resistance

GBP
  • Cable tested initial resistance at 1.4103 (76.4% retracement of the Feb 24 - Apr 12 downleg), which has held so far.
  • Looking at the chart, and clear break through the latter and further upside traction, only sees the area at 1.4182 (26/02 hgh)- 1.4187 (2.0% 10-dma envelope) next.
MNI London Bureau | +44 203-865-3806 | fabrice.benhassine@marketnews.com