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ASIA

Coming up in the Asia-Pac session on Monday:

MNI

Coming up in the Asia-Pac session on Monday:

USDCAD TECHS

Consolidation Mode But Remains Bearish

AUDUSD TECHS

Fails To Hold Onto Thursday’s High

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  • RES 4: 1.1755 High Sep 22
  • RES 3: 1.1610/92 Bear channel top from Jun 1 high / High Oct 28
  • RES 2: 1.1514 Low Nov 5
  • RES 1: 1.1374/1390 High Nov 18 / 20-day EMA
  • PRICE: 1.1306 @ 16:53 GMT Nov 26
  • SUP 1: 1.1185 Low Jul 1, 2020
  • SUP 2: 1.1128 1.764 proj of the Jan 6 - Mar 31 - May 25 price swing
  • SUP 3: 1.1040 76.4% retracement of the Mar '20 - Jan '21 uptrend
  • SUP 4: 1.0976 2.00 proj of the Jan 6 - Mar 31 - May 25 price swing

EURUSD has edged higher early Friday, but the outlook remains bearish. This week's move lower reinforces bearish conditions and confirmed an extension of the bearish sequence of lower lows and lower highs. The focus is on 1.1185 next, Jul 1 2020 low ahead of 1.1128, a Fibonacci projection. Initial firm resistance is at 1.1374, Nov 18 high with the 20-day EMA at 1.1390.euru