Trial now
SNAPSHOT

Chinese Media Looks To Placate Equity Worry

EUROSTOXX50 TECHS

(U1) Holding Onto Gains

BTP TECHS

(U1) Needle Still Points North

ASIA RATES

China Repo Rates Creep Higher

GILT TECHS

(U1) Still Needs To Tackle Recent Highs

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RES 4: 0.7776 High Jun 11
  • RES 3: 0.7693 50-day EMA
  • RES 2: 0.7645 High Jun 17
  • RES 1: 0.7599 High Jun 23
  • PRICE: 0.7573 @ 16:56 BST Jun 24
  • SUP 1: 0.7476 Low Jun 21 and the bear trigger
  • SUP 2: 0.7462 Low Dec 21, 2020
  • SUP 3: 0.7372 1.236 proj of Feb 25 - Mar 9 - 18 price swing
  • SUP 4: 0.7339 Low Nov 30, 2020

AUDUSD gains are likely a correction. The outlook remains bearish following recent weakness. The pair has traded below key support at 0.7532 Apr 1 low and price has also breached the 200-dma. The move lower confirms a resumption of the reversal that occurred Feb 25 and signals scope for a deeper pullback towards 0.7462 next, the Dec 21, 2020 low. On the upside, initial firm resistance is at 0.7645, the Jun 17 high.