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DATA REACT

USD Drops, Gold Spikes, Equities Benefit Post-NFP

CORN TECHS

(N1) Uptrend Extends

EQUITY TECHS

E-MINI S&P (M1): Support Remains Intact

Moderating, But Still Bullish

AUSSIE TECHS
  • RES 4: 0.7388 2.00 projection of Mar 19 - 31 rally from Apr 3 low
  • RES 3: 0.7295 High Jan 2019
  • RES 2: 0.7284 High Feb 2019
  • RES 1: 0.7241/43 High Aug 5 / 7
  • PRICE: 0.7164 @ 05:27 BST Aug 10
  • SUP 1: 0.7077 Low Aug 3
  • SUP 2: 0.7064 Low Jul 24 and key near-term trend support
  • SUP 3: 0.7010 Low Jul 21
  • SUP 4: 0.6963 Low Jul 16

After topping 0.7227 mid-week, prices faded into the Friday close, relieving some of the signs of bullish exhaustion evident in the still high RSI. The week's move opened a further leg higher, which eyes levels not seen since early 2019. Bulls look to 0.7284 and 0.7295 for direction. On the downside, key near-term trend support has been defined at 0.7064, Jul 24 low.

MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com