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MNI

Test, Please Ignore

EUROZONE ISSUANCE

EGB Supply for W/C Jul 26

USDCAD TECHS

Pullback Considered Corrective

US TSYS SUMMARY

What a Short, Strange Trip It's Been

GLOBAL POLITICAL RISK

Pfizer, Moderna Jabs Retain High Trust; AZ, Sputnik Lower

AUDUSD TECHS

Trend Indicators Remain Bearish

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  • RES 4: 111.30 High Mar 26, 2020
  • RES 3: 110.97 High Mar 31 and the bull trigger
  • RES 2: 110.55 High Apr 6
  • RES 1: 110.33 High Jun 4
  • PRICE: 110.00 @ 16:24 BST Jun 14
  • SUP 1: 109.19/01 Low Jun 7 / 50-day EMA
  • SUP 2: 108.56/34 Low May 25 / Low May 7 and key S/T support
  • SUP 3: 107.48 Low Apr 23 and the bear trigger
  • SUP 4: 106.97 Low Mar 4

USDJPY has managed to remain above support at 109.19 and the pair continues to consolidate. The sharp sell-off on Jun 4 and 7 resulted in a print below former support at 109.33, Jun 1 low. The move dents the bullish theme and a deeper sell-off would expose 108.56, May 25 low. On the upside, a recovery would instead refocus attention on 110.33, Jun 4 high where a break would reinstate the uptrend and open this year's 110.97 high from Mar 31.