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UK DATA

Little reaction to retail sales, as expected

EQUITY TECHS

E-MINI S&P (Z1): Fresh The All-Time High

UK DATA

Retail sales due at 7:00BST

USDCAD TECHS

Still Vulnerable

EUROZONE ISSUANCE

EGB Supply For W/C Oct 18, 2021 (2/2)

AUDUSD TECHS

Bullish Price Sequence

TECHS: Consolidating But Remains Bearish

DOLLAR-CANADA
  • RES 4: 1.3245 High Aug 20 and key intraday resistance
  • RES 3: 1.3188 20-day EMA
  • RES 2: 1.3133 High Aug 28
  • RES 1: 1.3114 High Aug 31
  • PRICE: 1.3072 @ 06:22 BST Sep 3
  • SUP 1: 1.2994 Low Sep 1
  • SUP 2: 1.2976 Low Jan 8
  • SUP 3: 1.2957 Low Jan 7
  • SUP 4: 1.2952 Low Dec 31, 2019 and a major support

A USDCAD bearish theme remains intact as the pair consolidates. Tuesday saw the price extend its move lower testing territory below 1.3000. The extension confirms and reinforces the current downtrend and maintains the bearish price sequence of lower lows and lower highs that still dominates. A clear break of the psychological 1.3000 handle would pave the way for a test of the Dec 31 2019 low of 1.2952. Initial resistance is at 1.3114.

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