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EURJPY TECHS

Sights Set On Key Resistance

COMMODITIES

Oil Sees Sharp Fall Whilst Gold Opens Bull Trigger

USDJPY TECHS

Remains Below Resistance

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Fails To Hold On To This Week’s Highs

USDCAD TECHS
  • RES 4: 1.3369 2.0% 10-dma envelope
  • RES 3: 1.3300 High Nov 4 2020
  • RES 2: 1.3224 High Jul 14 and key resistance
  • RES 1: 1.3105/3209 Intraday high High Sep 8
  • PRICE: 1.3046 @ 16:19 BST Sep 9
  • SUP 1: 1.2960 50-day EMA
  • SUP 2: 1.2895 Low Aug 25 and key near-term support
  • SUP 3: 1.2828 Low Aug 17
  • SUP 4: 1.2770 Low Aug 15

A USDCAD bullish theme remains intact, however, the pair has failed to hold on to this week’s highs and this has resulted in a corrective pullback. Price has traded below the 20-day EMA and attention turns to support at 1.2960, the 50-day EMA. A break of this average would suggest scope for a deeper pullback. A resumption of gains would refocus attention on key resistance at 1.3324, the Jul 14 high and bull trigger.

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  • RES 4: 1.3369 2.0% 10-dma envelope
  • RES 3: 1.3300 High Nov 4 2020
  • RES 2: 1.3224 High Jul 14 and key resistance
  • RES 1: 1.3105/3209 Intraday high High Sep 8
  • PRICE: 1.3046 @ 16:19 BST Sep 9
  • SUP 1: 1.2960 50-day EMA
  • SUP 2: 1.2895 Low Aug 25 and key near-term support
  • SUP 3: 1.2828 Low Aug 17
  • SUP 4: 1.2770 Low Aug 15

A USDCAD bullish theme remains intact, however, the pair has failed to hold on to this week’s highs and this has resulted in a corrective pullback. Price has traded below the 20-day EMA and attention turns to support at 1.2960, the 50-day EMA. A break of this average would suggest scope for a deeper pullback. A resumption of gains would refocus attention on key resistance at 1.3324, the Jul 14 high and bull trigger.