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AUDUSD TECHS

New Weekly Lows

EURJPY TECHS

Needle Still Points North

GILT TECHS

(M1) Key Support Zone Exposed

SCHATZ TECHS

(M1) Clears Congestion Support

BTP TECHS

(M1) Downtrend Extends Further

RUSSIA
  • USD/RUB opens higher on broad risk aversion and international condemnation over Navanly's detention.
  • Geopolitical risks starting to re-emerge for Russia as Biden comes into office, with Advisors threatening sanctions on NS2.
  • Brent has pulled back from prior highs, extending Friday's losses to trade below $55.
  • Having taken out 73.90-74 resistance, we may see the cross drift back towards 74.5208.
  • USD/RUB continues to trade in a broad range between 73-75, but sell-side remains bullish RUB and happy to re-allocate to USD/RUB shorts on moves towards 75.00.
  • Intraday res1: 74.1755, res2: 74.5208, Sup1: 73.9041, Res2: 73.4459
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com