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AUSSIE 10-YEAR TECHS

(M1) New Multi-Month Highs

USDCAD TECHS

Clearing Major Support

AUDUSD TECHS

Sizeable Resistance Building

EURJPY TECHS

Needle Still Points North

USDJPY TECHS

Bullish Argument Down, But Not Out

EURO-DOLLAR
EURO-DOLLAR: EUR/USD moved from lows of $1.1536 to a fresh session high of
$1.1593 in quick order on the back of a Corriere report which suggested that the
Italian budget plan seeks to cut the deficit to 2% of GDP in 2021. This steps
down from a projected 2.4% in 2019 and 2.2% in 2020 according to the report.
Previous government rhetoric had pointed to a 2.4% deficit to GDP ratio over 3
years.
- The move back above $1.1550 is the first positive step for bulls, who now
target the 100-DMA $1.1644), rate last deals at ~$1.1585.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com