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AUSSIE 10-YEAR TECHS

(Z1) Off Lows, But Remains Weak

USDCAD TECHS

Still Vulnerable

AUDUSD TECHS

Bullish Price Sequence

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  • RES 4: 0.7478 High Sep 3 and the bull trigger
  • RES 3: 0.7410 High Sep 10
  • RES 2: 0.7353 50-day EMA
  • RES 1: 0.7316 High Sep 23 and intraday high
  • PRICE: 0.7282 @ 16:44 BST Sep 27
  • SUP 1: 0.7220 Low Sep 20
  • SUP 2: 0.7194 76.4% retracement of the Aug 20 - Sep 3 rally
  • SUP 3: 0.7106 Low Aug 20 and the bear trigger
  • SUP 4: 0.7053 38.2% retracement of the Mar '20 - Feb uptrend

AUDUSD rebounded Thursday and has tested the 20-day EMA. A resumption of gains would signal a reversal of the near-term downtrend that for now remains intact and continues to target 0.7220 ahead of Fibonacci support at 0.7194. The bear trigger rests below at 0.7106, Aug 20 low - a break would confirm a resumption of the bear trend that started late February. Firm resistance is seen at 0.7353, the 50-day EMA.