Trial now
USDCAD TECHS

Circling Major Support

US TSYS SUMMARY

Stocks and Rates Near Session Highs Late

AUDUSD TECHS

Tepid Bounce

LATAM

OUTLOOK: WEEK AHEAD

US EURODLR OPTIONS

Nice Mark for Early Put Buyer

25 August 2017
By Kyle Shortland
     
Click below for today's MNI FX Technical Analysis Report -
http://tinyurl.com/h8lzqnc
AUSSIE TECHS: Bull Channel Base Supporting
*RES 4: $0.8044 - High Aug 1
*RES 3: $0.7998 - Hourly resistance Aug 1
*RES 2: $0.7963 - High Aug 17
*RES 1: $0.7917 - 21-DMA
*PRICE: $0.7900 @ 2100GMT
*SUP 1: $0.7872 - Daily Bull channel base 
*SUP 2: $0.7863 - Low Aug 24 
*SUP 3: $0.7849 - Hourly support Aug 16 
*SUP 4: $0.7807 - Low Aug 15
*COMMENTARY: The lack of topside follow through on the break of $0.7949 last
week was less than ideal for bulls. In saying that, yet another correction is
finding support around the daily bull channel base. Bears now look for a close
below $0.7863 to confirm an easing of bullish pressure & to shift focus back to
$0.7710-0.7807 where the 55-DMA ($0.7774) is noted. Bulls still need a close
above $0.7963 to shift focus back to $0.8044-65 where 2017 highs are found.
KIWI TECHS: Bears Focused On 200-DMA
*RES 4: $0.7299 - Hourly resistance Aug 22 
*RES 3: $0.7273 - Low Aug 22 now resistance 
*RES 2: $0.7256 - Hourly resistance Aug 23 
*RES 1: $0.7235 - High Aug 24
*PRICE: $0.7203 @ 2100GMT
*SUP 1: $0.7192 - Low Aug 24 
*SUP 2: $0.7170 - Low June 7
*SUP 3: $0.7167 - 100-DMA 
*SUP 4: $0.7124 - 200-DMA
*COMMENTARY: The break of the $0.7277 support was noted as a concern for bulls
and sees bears focused on the $0.7115-70 region where 100 & 200-DMAs are
situated. Layers of resistance continue to build and weigh on the pair with
bulls needing a close above $0.7235 to gain breathing room and above $0.7273 now
to shift focus back to $0.7317-0.7348 where 21 & 55-DMAs are located.
AUSSIE-KIWI TECHS: Bears Need Close Below NZ$1.0880
*RES 4: NZ$1.1167 - Daily Bull channel top
*RES 3: NZ$1.1034 - Low Apr 13 now resistance
*RES 2: NZ$1.1020 - 2017 High Mar 16
*RES 1: NZ$1.0966 - High Mar 31 & Aug 24
*PRICE: NZ$1.0963 @ 2100GMT
*SUP 1: NZ$1.0913 - Hourly resistance Aug 23 now support
*SUP 2: NZ$1.0880 - High Aug 17 now support
*SUP 3: NZ$1.0858 - Low Aug 23
*SUP 4: NZ$1.0840 - Hourly support Aug 22
*COMMENTARY: Bulls take comfort in support emerging on dips back towards the
21-DMA and channel base which provided the catalyst for a break higher that
reconfirmed the bullish bias and sees bulls focused on NZ$1.0966-1.1034. Bulls
need a close above NZ$1.1034 to confirm focus on NZ$1.1147-95. Support layers
are following the pair higher with bears now needing a close below NZ$1.0880 to
ease bullish pressure and shift focus back to NZ$1.0794-1.0817.
AUSSIE-YEN TECHS: Y87.55-88.02 Resistance Region Key
*RES 4: Y88.02 - High Aug 7 
*RES 3: Y87.56 - High Aug 17 
*RES 2: Y87.09 - 21-DMA 
*RES 1: Y87.04 - High Aug 18
*PRICE: Y86.56 @ 2100GMT
*SUP 1: Y85.91 - Low Aug 24
*SUP 2: Y85.44 - Bollinger band base
*SUP 3: Y85.42 - Low July 5
*SUP 4: Y85.22 - 200-DMA
*COMMENTARY: The 21-DMA capped last week with bulls needing a close above Y87.56
to confirm a break of the 21-DMA, easing bearish pressure, and above Y88.02 to
end bearish hopes and shift focus to Y88.81-89.42 where 2017 highs are located.
While Y87.56 caps bears remain focused on the Y84.92-85.42 support region where
100 (Y84.92) & 200-DMAs are located with a close below the 100-DMA to initially
target Y83.72 June 22 lows.
EURO-AUSSIE TECHS: Bears Need Close Below A$1.4880 
*RES 4: A$1.5075 - High July 6
*RES 3: A$1.5045 - Bollinger band top
*RES 2: A$1.5033 - High July 11
*RES 1: A$1.4989 - Daily Bear channel top
*PRICE: A$1.4937 @ 2100GMT
*SUP 1: A$1.4900 - Hourly support Aug 23 
*SUP 2: A$1.4880 - Hourly support Aug 23a 
*SUP 3: A$1.4827 - Low Aug 22 
*SUP 4: A$1.4783 - Hourly support Aug 17a
*COMMENTARY: Bears failed to capitalise on the dips below 21 (A$1.4874) & 55
(A$1.4824) DMAs last week with the pair bouncing from ahead of the 100-DMA. The
close above A$1.4928 shifted immediate focus to layers of resistance
A$1.4989-1.5109 where the bear channel top is located. Layers of support remain
with bears now needing a close below A$1.4880 to ease immediate bullish pressure
and below A$1.4739 to shift focus to A$1.4442-1.4561.
US DOLLAR-INDEX TECHS: Focus Remains On 2017 Low
*RES 4: 94.145 - High Aug 16 
*RES 3: 93.791 - Hourly resistance Aug 17 
*RES 2: 93.628 - High Aug 23 
*RES 1: 93.451 - Hourly resistance Aug 23
*PRICE: 93.292 @ 2130GMT
*SUP 1: 93.126 - Low Aug 23
*SUP 2: 92.934 - Low Aug 8
*SUP 3: 92.745 - Bollinger band base
*SUP 4: 92.679 - Low Aug 3
*COMMENTARY: Bulls failed to capitalise on the recovery from the week's low with
focus remaining on tests of 2017 lows and the 91.919-92.548 region as a whole.
Daily studies are well placed for a fresh leg lower with the Bollinger base
likely to be the key concern. Layers of resistance remain with bulls needing a
close above 93.791 to shift focus back to the key 94.145-476 region. Above
94.476 then confirms focus on 95.005-464 where the 55-DMA (95.005) is situated.
EURO-DOLLAR TECHS: $1.1861-1.1909 Resistance Region Key
*RES 4: $1.1976 High Jan 5 2015 
*RES 3: $1.1909 2017 High Aug 2 
*RES 2: $1.1861 Hourly support Aug 3 now resistance 
*RES 1: $1.1828 High Aug 21
*PRICE: $1.1799 @ 2030GMT
*SUP 1: $1.1773 Alternating hourly support/resistance 
*SUP 2: $1.1740 Low Aug 23 
*SUP 3: $1.1709 Hourly support Aug 18 
*SUP 4: $1.1663 Low Aug 17
*COMMENTARY: The pair continues to find support on dips with pressure remaining
on key resistance layers. Bulls still look for a close above $1.1861 to test
2017 highs with a close above current 2017 highs needed to target $1.1976-1.2097
where the bull channel top is located. Daily studies remain well placed for a
fresh leg higher. Bears look for a close below $1.1773 to ease pressure on
resistance layers and below $1.1740 to pressure $1.1583-1.1663.
DOLLAR-YEN TECHS: Y107.47-108.10 Support Region Key
*RES 4: Y110.03 Hourly resistance Aug 17 
*RES 3: Y109.98 21-DMA 
*RES 2: Y109.93 High Aug 23 
*RES 1: Y109.62 Hourly support Aug 23a now resistance e
*PRICE: Y109.48 @ 2030GMT
*SUP 1: Y108.61 Low Aug 18 
*SUP 2: Y108.10 2017 Low Apr 17 
*SUP 3: Y107.47 Monthly High July 21 now support 
*SUP 4: Y106.95 High Nov 10 now support
*COMMENTARY: The Y107.45-108.10 support remains key. Bears need a close below
Y108.10 to hint at a shift lower with below Y107.47 to confirm immediate focus
on Y106.95 and overall focus on Y99.08-101.16. The Y110.61 resistance remains
key with bulls needing a close above to confirm breaks of the 21-DMA and bear
channel top (Y109.96, returning focus to Y111.05-21 and above this region to
target the 200-DMA (Y112.56).
SPOT GOLD TECHS: $1267.5-1277.7 Support Region Key
*RES 4: $1316.0 - Daily Bull channel top 
*RES 3: $1300.8 - 2017 High Aug 18 
*RES 2: $1298.1 - Bollinger band top 
*RES 1: $1293.9 - High Aug 21
*PRICE: $1286.1 @ 2130GMT
*SUP 1: $1284.4 - Low Aug 24 
*SUP 2: $1280.8 - Daily Bull channel base 
*SUP 3: $1277.7 - Alternating hourly support/resistance 
*SUP 4: $1275.6 - 21-DMA
*COMMENTARY: Fresh 2017 and 10mth highs lacked follow through but bounces ahead
of $1277.7 see bulls reconfirming dominance and focus on 2017 highs. The
$1267.5-1277.7 support region remains key. Bears need a close below $1277.7 to
ease bullish pressure and below $1267.5 to shift initial focus to 55 & 100-DMAs
($1254.5-1257.2). Bulls need a close above $1293.9 to gain breathing room.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]