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EURUSD TECHS

Consolidation Mode

EQUITIES

Earnings Drive Indices to Fresh Highs

US TSYS/SUPPLY

2Y WI

PIPELINE

$800M Kinder Morgan 2Pt Launched

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Bobl Upside Features

AUSSIE TECHS
AUSSIE TECHS: Pullback Remains Corrective
The pullback following yesterday's test of the 0.7440 level, just ahead of the
0.7446 down trendline has remained corrective. This keeps the bullish scenario
intact. Further layers of resistance are placed at 0.7466/86 and a move above
here would confirm the bullish trend. Bears now look for a close below 0.7380/85
to re-test major trendline support at 0.7324 for confirmation and challenge the
YTD low at 0.7311.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com