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JGB TECHS

(M1) Bullish Focus

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

Fresh Trend Low

USDCAD TECHS
  • RES 4: 1.2856 50-day EMA
  • RES 3: 1.2836 upper 1.0% 10-DMA envelope
  • RES 2: 1.2835 High Nov 11
  • RES 1: 1.2792 High Jan 12
  • PRICE: 1.2784 @ 05:22 GMT Jan 18
  • SUP 1: 1.2625 Low Jan 14
  • SUP 2: 1.2603 1.236 proj of Oct 29 - Nov 9 downleg from Nov 13 high
  • SUP 3: 1.2586 Low Apr 19, 2018
  • SUP 4: 1.2536 1.382 proj of Oct 29 - Nov 9 downleg from Nov 13 high

USDCAD rallied throughout the Friday session, bouncing off a fresh trend low of 1.2625. The underlying downtrend remains in place with the focus on 1.2603 next, a Fibonacci projection. Moving average studies remain in a bear mode reinforcing current trending conditions. On the upside, initial resistance is seen at 1.2792, the high from Jan12. Key resistance though is located at1.2835, Nov 11 high.

MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com