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USDCAD TECHS

Heading North

GLOBAL POLITICAL RISK

Modi, AMLO Top Major Economy Leader Poll, Macron Last

AUDUSD TECHS

Under Pressure

EURJPY TECHS

Trend Condition Remains Bearish

AUSSIE TECHS
AUSSIE TECHS: Candles forming a base:
*RES 4: 0.6979/86 100-dma / Cloud top
*RES 3: 0.6911/27 Low Jul 10 / 61.8% of Jul-Aug fall
*RES 2: 0.6880 50% of Jul-Aug fall
*RES 1: 0.6822/32 High Aug 8 / Low Jun 18
*PRICE: 0.6766 @ 08:50 GMT Aug 13
*SUP 1: 0.6745 Low Aug 12
*SUP 2: 0.6677 YTD low
*SUP 3: 0.6579 Lower 3.0% 10-dma envelope
Having probed the 0.6800 level last week, AUD bulls need a close above to extend
the uptrend. A doji formation on Aug 8 followed by a bullish engulfing the
following day highlights some important candle formations that signal a
potential base, following the strong rally off 0.6677 last Wednesday. Strong
gains above 0.6800/22 would open the 50% retracement of the Jul-Aug fall at
0.6880, ahead of the 100-dma & cloud top at 0.6979/86. Key support lies at
0.6677.