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USDCAD TECHS

Circling Major Support

US TSYS SUMMARY

Stocks and Rates Near Session Highs Late

AUDUSD TECHS

Tepid Bounce

LATAM

OUTLOOK: WEEK AHEAD

US EURODLR OPTIONS

Nice Mark for Early Put Buyer

(H1) Key Support Still Exposed

SCHATZ TECHS
  • RES 4: 112.365/68 High Jan 27 / 61.8% of the Dec 11 - 28 downleg
  • RES 3: 112.335 High Jan 1
  • RES 2: 112.305 High Feb 2
  • RES 1: 112.280 High Feb 3 and 5
  • PRICE: 112.255 @ 04:12 GMT Feb 9
  • SUP 1: 112.245 Low Feb 4, 5 and 8
  • SUP 2: 112.240 Low Jan 12, 21 and 22 low
  • SUP 3: 112.235 Low Dec 23 and the bear trigger
  • SUP 4: 112.201 0.764 proj of Dec 11 -28 sell-off from Jan 27 high

Schatz futures remain closer to recent lows. The contract traded higher Jan 27 clearing 112.330 in the process, Jan 4, 5 and 15 highs. The break confirmed a triple bottom reversal highlighting a shift in sentiment. While this pattern remains valid, last week's sell-off threatens recent bullish activity. The move lower has exposed key support at 112.235, Dec 23 low and 112.240, Jan 2, 21 and 22 low. Initial firm resistance is at 112.280.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com