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AUSSIE 10-YEAR TECHS

(M1) Pressures The 50-DMA

AUSSIE 3-YEAR TECHS

(M1) Directional Triggers Intact

USDCAD TECHS

Bears Hold All The Cards

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  • RES 4: 112.174 0.618 proj of the Feb 26 - Mar 2 - Mar 10 price swing
  • RES 3: 112.165 High Mar 25 and the bull trigger
  • RES 2: 112.150 High Apr 8
  • RES 1: 112.120 High Apr 22
  • PRICE: 112.085 @ 05:11 BST Apr 28
  • SUP 1: 112.060 Low Mar 10 and Apr 20
  • SUP 2: 112.053 50.0% retracement of the Feb 26 - Mar 25 rally
  • SUP 3: 112.026 61.8% retracement of the Feb 26 - Mar 25 rally
  • SUP 4: 111.993 76.4% retracement of the Feb 26 - Mar 25 rally

Schatz futures are consolidating. The contract recovered last week from 112.060, Apr 20 low. The 20-day EMA was probed however a clear break is still needed to strengthen a short-term bullish theme. This would signal scope for gains towards 112.150, Apr 8 high. 112.060 marks the key near-term support. Clearance of this level is required to reinstate the recent bearish focus. This would instead open 112.053, a Fibonacci retracement and below.