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FOREX

USD/CAD Continues to Test Key Support

(M9) Going Nowhere Fast *RES...>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M9) Going Nowhere Fast
*RES 3: 98.6367 - First Pivot Resistance (97.1900 - 98.2850)
*RES 2: 98.4034 - Uptrend from Sep'18
*RES 1: 98.2850 - All Time Highs (Mar27)
*PRICE: 98.2300 @ 14:50 BST, May 6
*SUP 1: 98.0834 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
Aussie 10yr futures found themselves underpinned from the off as the US-China
trade spat escalated. This keeps the bullish focus on alltime highs from March
27th at 98.2850 to regain momentum. To the downside, 98.0834 50-dma support is
the first target and a break below here will return focus lower, with 97.19 the
ultimate target.