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USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

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  • RES 4: 1.2976 1.00 proj of the Jun 23 - Jul 19 - 30 price swing
  • RES 3: 1.2957 High Dec 21, 2020
  • RES 2: 1.2949 High Aug 20 and the bull trigger
  • RES 1: 1.2834 High Aug 23
  • PRICE: 1.2787 @ 06:47 BST Sep 20
  • SUP 1: 1.2646 20-day EMA
  • SUP 2: 1.2583 Low Sep 10
  • SUP 3: 1.2494 Low Sep 3 and the bear trigger
  • SUP 4: 1.2422 Jul 30 low and a key support

USDCAD maintains a firmer tone and continues to display a stronger bullish short-term condition following the recent recovery from 1.2494, Sep 3 low. Friday's gains reinforce this theme and today, initial resistance at 1.2762, Sep 8 high has been breached. This opens 1.2834, Aug 23 high and the 1.2949 bull trigger, Aug 20 high. MA conditions are in bull mode highlighting a bullish theme. For bears, clearance of 1.2494 would alter the picture.