Trial now
MNI

Test, Please Ignore

EUROZONE ISSUANCE

EGB Supply for W/C Jul 26

USDCAD TECHS

Pullback Considered Corrective

US TSYS SUMMARY

What a Short, Strange Trip It's Been

GLOBAL POLITICAL RISK

Pfizer, Moderna Jabs Retain High Trust; AZ, Sputnik Lower

AUDUSD TECHS

Trend Indicators Remain Bearish

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RES 4: 1.2218 High Jun 9
  • RES 3: 1.2147 High Jun 15
  • RES 2: 1.2077 20-day EMA
  • RES 1: 1.1925/2006 High Jun 18 / High Jun 17
  • PRICE: 1.1905 @ 06:06 BST Jun 22
  • SUP 1: 1.1848 Low Jun 18 and 21
  • SUP 2: 1.1837 76.4% retracement of the Mar 31 - May 25 rally
  • SUP 3: 1.1795 Low Apr 6
  • SUP 4: 1.1738 Low Apr 5

The EURUSD outlook remains bearish following last week's move lower. The recent breach of the 50-day EMA and 1.2104, Jun 4 low highlights a bearish theme and has also confirmed a bearish price sequence of lower lows and lower highs. The focus is on 1.1837, a Fibonacci retracement where a break would open 1.1704, the Mar 31 low and a key support. On the upside, initial firm resistance is at 1.2006, the Jun 17 high.