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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: 1.1762 Bear channel top drawn from the Jun 1 high
  • RES 3: 1.1717/55 50-day EMA / High Sep 22
  • RES 2: 1.1633/1640 / 20-day EMA / High Oct 4
  • RES 1: 1.1624 High Oct 14
  • PRICE: 1.1589 @ 16:11 BST Oct 14
  • SUP 1: 1.1524 Low Oct 12 and the bear trigger
  • SUP 2: 1.1493 50.0% retracement of the Mar '20 - Jan '21 bull phase
  • SUP 3: 1.1469 1.236 proj of the Jan 6 - Mar 31 - May 25 price swing
  • SUP 4: 1.1422 Bear channel base drawn from the Jun 1 high

EURUSD remains in range and is consolidating. A bearish theme remains intact with recent price action appearing to be a bear flag. If correct, this pattern reinforces current trending conditions. A bearish price sequence of lower lows and lower highs remains intact and moving average conditions are in a bear mode. The focus is on 1.1493 next, a Fibonacci projection. Firm resistance is unchanged at 1.1640.