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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: 1.2737 High Mar 5
  • RES 3: 1.2653 High Apr 21 and a key resistance
  • RES 2: 1.2535 High Apr 22
  • RES 1: 1.2501 High May 4 and a key near-term resistance
  • PRICE: 1.2366 @ 17:28 BST Jun 21
  • SUP 1: 1.2339 Low Jun 18
  • SUP 2: 1.2246 50-day EMA
  • SUP 3: 1.2190 20-day EMA
  • SUP 4: 1.2057/2007 Low Jun 7 / Low May 18

USDCAD is holding onto last week's gains. The recent break of 1.2203, May 6 high confirmed a short-term reversal and the pair also cleared the 50-day EMA, reinforcing current bullish conditions. The focus is on 1.2501, a Fibonacci retracement. A break would open 1.2653, high Apr 21 and an important resistance. Initial support is seen at 1.2339, Friday's low. Dips would be considered corrective.