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USDCAD TECHS

Tests Major Support - The 2017 Low!

SILVER TECHS

Bulls Still In Charge

GOLD TECHS

Fades Through Thursday

EUROSTOXX50 TECHS

(M1) Bounces Off Lows

BRENT TECHS

(N1) Falls Back Into Range

AUDUSD TECHS

Fresh Weekly Lows

Consolidates Above $0.7200

AUSSIE

AUD/USD advanced past last week's highs on Monday, initially fuelled by a spillover from a strong demand for AUD/NZD. Firmer commodity prices helped the Aussie retain its strength and it topped the G10 pile, with AUD/USD establishing itself above the $0.7200 mark.

  • The rate sits -3 pips at $0.7211 at typing. Bullish focus falls on Aug 5/7 highs of $0.7241/43 and a rally above those levels would open up Feb 2019 high of $0.7284. Bears need a fall through Aug 12 low of $0.7109 to bring Aug 3 low of $0.7076 into play.
  • The RBA will publish minutes from its Aug MonPol meeting today. Later in the week, focus turns to Friday's flash CBA PMIs & ABS preliminary retail sales.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com