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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%

SCHATZ TECHS
  • RES 4: 112.150 High Apr 8
  • RES 3: 112.110/120 High May 4, 5, and 6 / High Apr 22
  • RES 2: 112.080 High May 11
  • RES 1: 112.052 20-day EMA
  • PRICE: 112.030 @ 05:13 BST May 25
  • SUP 1: 112.000 Low May 19
  • SUP 2: 111.993 76.4% retracement of the Feb 26 - Mar 25 rally
  • SUP 3: 111.940 Low Feb 26 ad key support
  • SUP 4: 111.860 Low Apr 15, 2019 (cont)

Schatz futures maintain a bearish tone following the recent sell-off from May 5 marking a resumption of the bearish cycle that started Mar 25. Recent weakness resulted in a break of 112.060, a level that provided support in March and April. This strengthens a bearish case and opens 111.940, Feb 26 low. A breach of 112.110 is required to signal a reversal. Gains are considered corrective and price remains below the 20-day EMA.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com
MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com