Trial now
AUSSIE BONDS

YM Roll Lifted

ASIA

Coming up in the Asia-Pac session on Wednesday:

USDCAD TECHS

Corrective Pullback

US TSYS

Risk-On Carries On

Sign up now for free access to this content.

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

  • RES 4: 1.2648 High Oct 6
  • RES 3: 1.2525 50-day EMA
  • RES 2: 1.2494 Low Sep 3 and a recent breakout level
  • RES 1: 1.2410 High Oct 18
  • PRICE: 1.2333 @ 16:58 BST Oct 27
  • SUP 1: 1.2288 Low Oct 21
  • SUP 2: 1.2253 Low Jun 23
  • SUP 3: 1.2229 76.4% retracement of the Jun - Aug rally
  • SUP 4: 1.2157 Low Jun 16

USDCAD broke lower following the hawkish BoC rate decision, pushing prices well toward the bottom-end of the recent range. This reinforces the current bearish conditions. A bear theme follows the recent break of the Jul 30 low of 1.2422 that has opened 1.2253 next, the Jun 23 low. Note too that moving average conditions remain in a bear mode, reinforcing current trend conditions. Initial firm resistance is seen at 1.2494, Sep 3 low. A break would ease bearish pressure.