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AUSSIE 10-YEAR TECHS

(U2) More Stable But Still Fragile

USDCAD TECHS

Trend Structure Remains Bullish

US TSYS

Cautious Risk Appetite Gains Momentum

AUDUSD TECHS

Key Support Still Exposed

US STOCKS

Late Equity Roundup: 2W Highs

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Clears Key Resistance

AUSSIE TECHS
  • RES 4: 0.7356 High Dec 5, 2018
  • RES 3: 0.7295 High Jan 2019
  • RES 2: 0.7284 High Feb 2019
  • RES 1: 0.7265 High Aug 13
  • PRICE: 0.7239 @ 06:15 BST Aug 19
  • SUP 1: 0.7109 Low Aug 12 and key support
  • SUP 2: 0.7076 Low Aug 3
  • SUP 3: 0.7064/25 Low Jul 24 / 50-dma
  • SUP 4: 0.7010 Low Jul 21

AUDUSD went from firm to firmer Tuesday, topping key resistance on the way to a new cycle high at 0.7265. The move above former resistance at 0.7243, Aug 7 high confirms a resumption of the current uptrend and paves the way for a climb towards 0.7295, the Jan 2019 high. Key trend support has been defined at 0.7109, Aug 12 low where a break is required to signal the onset of a correction.

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

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