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EUROSTOXX50 TECHS

(M1) Testing Key Resistance At 4000

BTP TECHS

(M1) Needle Points South

GILT TECHS

(M1) Corrective Gains

SCHATZ TECHS

(M1) Resistance Remains Intact

BOBL TECHS

(M1) Remains Below The 50-day EMA

BUND TECHS

(M1) Trading Closer To The Week's Highs

Off the Highs

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: 0.7227 High Jul 31
  • PRICE: 0.7144 @ 17:36 BST Jul 31
  • SUP 1: 0.7121 Low Jul 30
  • 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

Having traded well for much of the week (printing up at $0.7227), AUDUSD faded slightly into the Friday close on profit-taking and consolidation. Nonetheless, there are few signs of a trend reversal at present, keeping focus on 0.7284, the Feb 2019 high as the target. 0.7295, the Jan 2019 high, lies just beyond. On the downside, key near-term trend support has been defined at 0.7064, Jul 24 low.