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USDCAD TECHS

Heads North

AUDUSD TECHS

Bearish Cycle Still In Play

EURJPY TECHS

Death Cross Adding Pressure

FOREX

Risk Off Prompts Safe Haven Demand

OIL TECHS
OIL TECHS: NYMEX HO: (V17) $1.6893 Support Under Pressure
*RES 4: $1.7890 - Daily Bull channel top
*RES 3: $1.7816 - High Jan 6
*RES 2: $1.7736 - High Sept 4
*RES 1: $1.7366 - Hourly resistance Sept 4
*PRICE: $1.7114 @ 0430GMT
*SUP 1: $1.6974 - Low Sept 4
*SUP 2: $1.6893 - High Aug 30 now support 
*SUP 3: $1.6624 - Low Aug 31 
*SUP 4: $1.6382 - 21-DMA
*COMMENTARY: The lack of topside follow through on the spike higher in Asian
trading to start the new week was noted as a concern and bears took comfort in
the sell-off that leaves V17 looking heavy. The $1.6893 support is key today
with bears needing a close below to shift focus back to $1.6051-1.6382 where the
21 & 200-DMAs and bull channel base are noted. Bulls need a close above $1.7366
to focus on the bull channel top.