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USDCAD TECHS

Pullback Considered Corrective

AUDUSD TECHS

Holding Above Recent Lows

US EURODLR OPTIONS

BLOCK, Large 3Y Midcurve Put Condor

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  • RES 4: 0.7591 61.8% of the May - Aug sell-off / High Jul 13
  • RES 3: 0.7534 High Jul 7
  • RES 2: 0.7499/7503 50.0% of the May - Aug sell-off / High Jul 13
  • RES 1: 0.7478 High Sep 3 and the bull trigger
  • PRICE: 0.7373 @ 16:29 BST Sep 13
  • SUP 1: 0.7291 50.0% retracement of the Aug 20 - Sep 3 rally
  • SUP 2: 0.7248 61.8% retracement of the Aug 20 - Sep 3 rally
  • SUP 3: 0.7222/7106 Low Aug 27 / Low Aug 20 and the bear trigger
  • SUP 4: 0.7053 38.2% retracement of the Mar '20 - Feb uptrend

AUDUSD has traded below last week's low of 0.7345, Sep 8 low. The near-term outlook is bullish though and dips are still considered corrective. The pair has however probed its 20-day EMA and a deeper pullback would open 0.7291, a Fibonacci retracement. For bulls, 0.7478, the Sep 3 high, marks the trigger for a resumption of gains that started Aug 20. A break would open the 0.7499/7503 zone.