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USDCAD TECHS

Still Vulnerable

AUDUSD TECHS

Bullish Price Sequence

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  • Gilt/Bund spread relentless widening continues, by another 1bp this morning
  • The spread is at the widest levels since 2019.
  • Next resistance is at that 2019 peak 121.0123, which is also the widest level since June 2016.
  • The spread is now at 117.5bps

Chart source: Bloomberg