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USDCAD TECHS

Heads North

AUDUSD TECHS

Bearish Cycle Still In Play

EURJPY TECHS

Death Cross Adding Pressure

FOREX

Risk Off Prompts Safe Haven Demand

EURO-STERLING TECHS
EURO-STERLING TECHS: Heavy Tone
Yesterday's close below the 0.86 level & 50-dma triggered fresh bearish signals
with the downtrend extending through 0.8570. The underlying tone remains heavy
with next support at 0.8557/54 from the Apr 5 low & 61.8% retracement level.
Below here opens the Apr 4 low at 0.8519, ahead of a run at the psychological
0.85 handle. To the upside, bulls need to recover the 55-dma at 0.8611, before
returning the focus to the Apr 23 high and 0.8700 level.