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Initial ACGB May-34 Tap Goes Well


ACGB May-34 Auction Results


Richer On Tuesday, Fed In View


(H3) Fades Into Friday Close

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Key Support Zone Holds - For Now

  • RES 4: 1.4016 3.382 proj of the Aug 25 - Sep 7 - 13 price swing
  • RES 3: 1.4000 Psychological round number
  • RES 2: 1.3855/3977 High Oct 21 / 13 and the bull trigger
  • RES 1: 1.3748 High Oct 25
  • PRICE: 1.3609 @ 15:38 BST Oct 28
  • SUP 1: 1.3496 Low Oct 27
  • SUP 2: 1.3462 50-day EMA
  • SUP 3: 1.3358 Low Sep 21
  • SUP 4: 1.3227 Low Sep 20

USDCAD remains below the 20-day EMA and maintains a bearish tone as the reversal from 1.3977, Oct 13 high, extends. Support at 1.3503, the Oct 4 high, has been pierced. Note that the 50-day EMA intersects at 1.3462. Clearance of these two chart points (a key support zone) would signal scope for a deeper pullback. The broader trend direction is up and the pullback is considered corrective. Initial firm resistance is 1.3855, Oct 21 high.

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