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AUSSIE 10-YEAR TECHS

(U2) More Stable But Still Fragile

USDCAD TECHS

Trend Structure Remains Bullish

US TSYS

Cautious Risk Appetite Gains Momentum

AUDUSD TECHS

Key Support Still Exposed

US STOCKS

Late Equity Roundup: 2W Highs

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Outlook Remains Bearish

DOLLAR-YEN TECHS
  • RES 4: 107.18 100-dma
  • RES 3: 107.05 High Aug 13 and the bull trigger
  • RES 2: 106.68 High Aug 17
  • RES 1: 106.05 High Aug 18
  • PRICE: 105.35 @ 10:36 BST Aug 19
  • SUP 1: 105.10 Intraday low
  • SUP 2: 105.08 1.0% 10-dma envelope
  • SUP 3: 104.86 76.4% retracement of the Jul 31 - Aug 13 rally
  • SUP 4: 104.19 Low Jul 31 and a major support

USDJPY remains vulnerable following the recent sell-off. Yesterday saw the pair trade below support at 105.30, Aug 6 low signalling scope for a deeper pullback. Furthermore, the move through 105.30 undermines the recent recovery and exposes the key support at 104.19, Jul 31 low. Key resistance has been defined at 107.05 where a break is required to reinstate bullish confidence. Initial resistance is at 106.05, Aug 18 high.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com

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