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SOUTH AFRICA

SAGBs Bull Flatten, 10Y Eyes 10.00 Handle

BUNDS

Keep an eye on Euribor

SILVER TECHS

Pullback Considered Corrective

GOLD TECHS

Positive Short-Term Tone

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  • RES 4: 1.2976 1.00 proj of the Jun 23 - Jul 19 - 30 price swing
  • RES 3: 1.2957 High Dec 21, 2020
  • RES 2: 1.2834/2949 High Aug 23 / High Aug 20 and the bull trigger
  • RES 1: 1.2762 High Sep 8
  • PRICE: 1.2689 @ 16:30 BST Sep 16
  • SUP 1: 1.2583 Low Sep 10
  • SUP 2: 1.2494 Low Sep 3 and the bear trigger
  • SUP 3: 1.2422 Jul 30 low and a key support
  • SUP 4: 1.2303 Low Jul 6

USDCAD continues to display a stronger bullish short-term condition following the recent recovery from 1.2494, Sep 3 low. Initial resistance is unchanged at 1.2762, Sep 8 high where a break would open 1.2834, Aug 23 high and the 1.2949 bull trigger, Aug 20 high. Moving average conditions are in bull mode and this reinforces a bullish theme. On the downside, clearance of 1.2494 would alter the picture.