Trial now
AUSSIE 10-YEAR TECHS

(Z1) Off Lows, But Remains Weak

USDCAD TECHS

Still Vulnerable

AUDUSD TECHS

Bullish Price Sequence

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RES 4: 1.3913 High Sep 14
  • RES 3: 1.3854 High Sep 15
  • RES 2: 1.3795 76.4% retracement of the Sep 14 -29 downleg
  • RES 1: 1.3734 Intraday high
  • PRICE: 1.3707 @ 14:33 BST Oct 14
  • SUP 1: 1.3544/3412 Low Oct 6 / Low Sep 29 and the bear trigger
  • SUP 2: 1.3354 Low Dec 23, 2020
  • SUP 3: 1.3320 2.0% 10-dma envelope
  • SUP 4: 1.3277 61.8% retracement of the Sep '20 - Jan bull phase

GBPUSD has traded higher again today and moved above the 50-day EMA at 1.3709. A clear break of this average is required to suggest scope for a stronger short-term rally that would open 1.3795 initially, a Fibonacci retracement. On the downside, a firm short-term support has been defined at 1.3544, Oct 6 low. A break of this level would reinstate a bearish focus and open 1.3412, Sep 29 low.