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MNI BRIEF: First BOE Cut In May, Inflation Sub 2% Q2 - NIESR

MNI INTERVIEW: Copom At Ease With Market Rate Pricing-Kfoury

MNI BRIEF: BOC Focused On Total CPI Not Shelter Inflation

MNI BRIEF: Car, Student Loans Becoming Delinquent Faster-NYFed

EZ Retail Trade Indicates Weak Consumer Demand in 2023 Holiday Season

CANADA JAN IVEY PURCHASING MANAGERS INDEX 56.5 SA

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

MNI BRIEF: Canada Needs CAD1 Trln To Fix Housing Squeeze- CMHC

MNI BRIEF: Canada Shows No Progress Closing Housing Shortfall

MNI Asian Morning FX Technical Analysis 

10 August 2017
By Kyle Shortland
Click below for today's MNI FX Technical Analysis Report -
http://tinyurl.com/h8lzqnc
AUSSIE TECHS: Bears Look for Close Below $0.7838
*RES 4: $0.7998 - Hourly resistance Aug 1 
*RES 3: $0.7979 - High Aug 4 
*RES 2: $0.7949 - High Aug 7 
*RES 1: $0.7919 - Hourly support Aug 8 now resistance
*PRICE: $0.7888 @ 2100GMT
*SUP 1: $0.7858 - Low Aug 9 
*SUP 2: $0.7838 - High July 17 now support 
*SUP 3: $0.7781 - Low July 17 
*SUP 4: $0.7749 - Hourly support July 14a
*COMMENTARY: The pair remains heavy with immediate bearish focus on the $0.7838
support. Overall a close below $0.7838 is needed to shift focus to
$0.7749-0.7781. Layers of resistance are adding weight to the bearish case with
bulls needing a close above $0.7949 to ease bearish pressure and above $0.7998
to shift focus initial focus back to $0.8044-65 where 2017 highs are located.
Daily studies have room to move before O/S is an issue.
KIWI TECHS: Bears Focused On $0.7265-87
*RES 4: $0.7419 - Hourly resistance Aug 4 
*RES 3: $0.7391 - Low July 21 now resistance 
*RES 2: $0.7377 - Hourly resistance Aug 7 
*RES 1: $0.7348 - Low Aug 5 now resistance
*PRICE: $0.7331 @ 2100GMT
*SUP 1: $0.7308 - Low Aug 9
*SUP 2: $0.7287 - 55-DMA
*SUP 3: $0.7265 - Low July 18
*SUP 4: $0.7203 - Monthly Low July 11
*COMMENTARY: The break and close below the daily bull channel base and 21-DMA
($0.7403) added weight to the bearish case that is now focused on tests of the
55-DMA. Overall below $0.7265 is needed to confirm focus on $0.7123-39 where 100
& 200-DMAs are situated. Bulls still need a close above $0.7348 to gain
breathing room and above $0.7419 confirm a break of the 21-DMA and shift
immediate focus back to $0.7458.
AUSSIE-KIWI TECHS: Focus Returns To NZ$1.0661-86
*RES 4: NZ$1.0845 - Monthly High July 20
*RES 3: NZ$1.0821 - Bollinger band top
*RES 2: NZ$1.0805 - High Aug 8
*RES 1: NZ$1.0787 - Hourly resistance Aug 9
*PRICE: NZ$1.0730 @ 2100GMT
*SUP 1: NZ$1.0686 - 21-DMA
*SUP 2: NZ$1.0678 - Daily Bull channel base
*SUP 3: NZ$1.0661 - 100-DMA
*SUP 4: NZ$1.0615 - 200-DMA
*COMMENTARY: Failure to capitalise further on gains on the recovery from a dip
back to the 100-DMA is less than ideal for bulls with the break of the NZ$1.0735
support adding weight to the bearish case for a move initially back to
NZ$1.0661-86 where key supports are situated. The NZ$1.0805 resistance is now
key with bulls needing a close above to reconfirm a bullish bias targeting
NZ$1.0845-82.
AUSSIE-YEN TECHS: Bulls Need Close Above Y87.24
*RES 4: Y87.69 - Hourly resistance Aug 8a 
*RES 3: Y87.47 - Hourly resistance Aug 8 
*RES 2: Y87.24 - Hourly support Aug 9a now resistance 
*RES 1: Y86.90 - Hourly support Aug 9 now resistance
*PRICE: Y86.77 @ 2100GMT
*SUP 1: Y86.30 - Low Aug 9
*SUP 2: Y85.72 - 55-DMA
*SUP 3: Y85.69 - Low July 5
*SUP 4: Y84.95 - 200-DMA
*COMMENTARY: The break of the 21-DMA has now been followed up with a break and
close below the Y87.24 level that sees immediate bearish focus on Y85.69-72
where the 55-DMA is located. Daily studies approaching O/S and the Bollinger
base (Y86.77) are concerns for bears with potential to limit follow through.
Layers of resistance remain with bulls needing a close above Y87.24 to ease
immediate bearish pressure and shift focus to Y88.01-06 where the 21-DMA is
noted.
EURO-AUSSIE TECHS: Bear Channel Top Continues To Cap 
*RES 4: A$1.5033 - High July 11
*RES 3: A$1.4965 - High Aug 4
*RES 2: A$1.4941 - Daily Bear channel top
*RES 1: A$1.4935 - High Aug 9
*PRICE: A$1.4906 @ 2100GMT
*SUP 1: A$1.4818 - Hourly support Aug 2, Bull channel base 
*SUP 2: A$1.4749 - 21-DMA 
*SUP 3: A$1.4680 - Low July 31 
*SUP 4: A$1.4667 - 100-DMA
*COMMENTARY: The bear channel top confirmed significance having capped last
week's gains. The 21-DMA remains key support with bears needing a close below to
confirm a break of the bull channel base and shift focus back to
A$1.4565-1.4680. Overall bears need a close below A$1.4570 to confirm focus on
the 200-DMA (A$1.4420). Bulls need a close above A$1.4965 to break the channel
top and confirm focus on A$1.5033-1.5109 where monthly highs are situated.
US DOLLAR-INDEX TECHS: Hesitating Ahead Of 21-DMA
*RES 4: 94.285 - High July 26 
*RES 3: 94.103 - High July 27 
*RES 2: 93.994 - 21-DMA 
*RES 1: 93.888 - High Aug 9
*PRICE: 93.529 @ 2130GMT
*SUP 1: 93.238 - Low Aug 8
*SUP 2: 93.061 - Hourly support Aug 4a
*SUP 3: 92.679 - Low Aug 3
*SUP 4: 92.548 - 2017 Low Aug 2
*COMMENTARY: O/S daily studies appear to be impacting although hesitation ahead
of the recent 2017 lows & 200-WMA (92.400) is less than ideal for bears.
Immediate bearish pressure has been eased with bulls now needing a close above
the 21-DMA to shift initial focus to 94.476 and a close above needed to target
95.167-731 where the 55-DMA is noted. The 93.061 support remains key with bears
needing a close below to return focus to 2017 lows.
EURO-DOLLAR TECHS: Supported Ahead Of 21-DMA
*RES 4: $1.1824 High Aug 8 
*RES 3: $1.1802 Hourly support Aug 8 now resistance 
*RES 2: $1.1777 Alternating hourly support/resistance 
*RES 1: $1.1768 Hourly support Aug 7 now resistance
*PRICE: $1.1759 @ 2030GMT
*SUP 1: $1.1690 Low Aug 9 
*SUP 2: $1.1671 Low July 28 
*SUP 3: $1.1669 21-DMA 
*SUP 4: $1.1648 Low July 27
*COMMENTARY: Wednesday's sell-off has lacked follow through with the pair
finding support ahead of the 21-DMA. Bears now need a close below $1.1690 to add
further weight to their case for a move that initially targets $1.1583-1.1669
where the 21-DMA is located. Layers of resistance remain in place with bulls
needing a close above $1.1777 to ease immediate bearish pressure and above
$1.1824 to hint at a retest of 2017 highs.
DOLLAR-YEN TECHS: Bulls Need Close Above Y110.25
*RES 4: Y111.05 High Aug 4 
*RES 3: Y110.82 High Aug 8 
*RES 2: Y110.59 Hourly resistance Aug 8 
*RES 1: Y110.25 Low Aug 8 now resistance
*PRICE: Y110.00 @ 2030GMT
*SUP 1: Y109.58 Low Aug 9 
*SUP 2: Y109.37 Bollinger band base 
*SUP 3: Y108.81 Monthly Low June 14 
*SUP 4: Y108.10 2017 Low Apr 17
*COMMENTARY: Hesitation ahead of the Y111.05-44 region where key DMAs are
clustered has resulted in breaks of support layers leaving the pair looking
heavy with bears now focused on 2017 lows. Layers of resistance are accumulating
with bulls now needing a close above Y110.25 to ease immediate bearish pressure
and shift focus back to Y111.05-111.44. The Bollinger base is the key concern
for bears with potential to limit follow through.
SPOT GOLD TECHS: Immediate Focus Back On $1280.8
*RES 4: $1295.9 - 2017 High June 6 
*RES 3: $1288.8 - Daily Bull channel top 
*RES 2: $1284.7 - Bollinger band top 
*RES 1: $1280.8 - High June 14
*PRICE: $1275.8 @ 2130GMT
*SUP 1: $1270.0 - Hourly support Aug 9 
*SUP 2: $1263.4 - Hourly support Aug 9a 
*SUP 3: $1258.9 - Alternating hourly support/resistance 
*SUP 4: $1252.3 - 21-DMA
*COMMENTARY: Support emerging ahead of the 21-DMA Tuesday has resulted in
pressure returning to the key $1280.8 resistance. Bulls continue to look for a
close above this level to reconfirm the bullish bias and initially target
retests of 2017 highs. Layers of support are building with bears now needing a
close below $1270.0 to ease immediate bullish pressure and below $1263.4 to
shift focus back to the 21-DMA.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
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