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USDCAD TECHS

Bullish Price Structure Intact

AUDUSD TECHS

Needle Points South

US TSY OPTIONS

BLOCK, Huge 5Y Put Buy

EURJPY TECHS

Probes The Bear Trigger

USDJPY TECHS

Range Base Holds Firm

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Downside Pressure Resumes, Y106.00-Y106.10 Resistance
*RES 4: Y106.89 76.4% Fibo of Y107.30-Y105.58
*RES 3: Y106.64/65 61.8% Fibo of Y107.30-Y105.58, Mar 21 high
*RES 2: Y106.42 Mar 15 high
*RES 1: Y106.00/10 Hourly resistance
*PRICE: Y105.69 @0910GMT
*SUP 1: Y105.58/60 Intraday, Mar 16 lows
*SUP 2: Y105.17/25 1% volatility band, Mar 2 low
*SUP 3: Y104.95 1.618 swing of Y105.60-Y106.65
*SUP 4: Y104.11 2% volatility band
*COMMENTARY* This week's recovery was stopped in its tracks by the 61.8% Fibo
retrace level at Y106.65 on Wednesday. The subsequent fall has been swift, once
again exerting pressure on the Y105.60 area. A low of Y105.58 so far, protecting
the key area between Y105.25 and the lower 1% volatility band at Y105.17. In the
interim, resistance from Y106.00-Y106.10, above would allow some respite. Below
Y105.17 and the swing target at Y104.95 prevents deeper Y104.11-Y103.98 fall.