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USDCAD TECHS

Still Vulnerable

AUDUSD TECHS

Bullish Price Sequence

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  • RES 4: 1.1909 High Jul 30 / Sep 03 and a key resistance
  • RES 3: 1.1858 1.0% 10-dma envelope
  • RES 2: 1.1846 High Sep 14
  • RES 1: 1.1761 20-day EMA
  • PRICE: 1.1683 @ 17:46 BST Sep 28
  • SUP 1: 1.1668 Low Sep 28
  • SUP 2: 1.1664 Low Aug 20 and the bear trigger
  • SUP 3: 1.1621 1.00 proj of the Jan 6 - Mar 31 - May 25 price swing
  • SUP 4: 1.1603 Low Nov 4, 2020

EURUSD remains bearish and is consolidating near recent lows. This follows recent weakness that has seen support at 1.1770, Sep 13 low and 1.1758, 61.8% of the Aug 20 - Sep 3 rally, cleared. Last week's extension lower also resulted in a breach of 1.1722, the 76.4% retracement. This reinforces bearish conditions and opens 1.1664, Aug 20 low and an important bear trigger. Initial firm resistance is seen at 1.1761, the 20-day EMA.