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AUDUSD TECHS

Pierces Key Resistance Points

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Rally Extends

GBPUSD TECHS
  • RES 4: 1.1738 High Sep 13 and a key resistance
  • RES 3: 1.1576 50-day EMA
  • RES 2: 1.1461 High Sep 20
  • RES 1: 1.1364 High Sep 22
  • PRICE: 1.1328 @ 06:18 BST Oct 4
  • SUP 1: 1.1025 Low Sep 30
  • SUP 2: 1.0763 Low Sep 29
  • SUP 3: 1.0541/0350 Low Sep 28 / All Time Low
  • SUP 4: 1.0203 3.236 proj of the Jun 16 - Jul 14 - Aug 1 price swing

GBPUSD traded higher Monday and started the week on a bullish note, extending the latest recovery from 1.0350, Sep 26 low. The pair has cleared resistance at the 20-day EMA and this signals scope for a continuation higher near-term. The climb has opened 1.1364, the Sep 22 high while further out, potential is seen for an extension towards the 50-day EMA at 1.1576 - a key resistance. Initial support is seen at 1.1025, the Sep 30 low.

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  • RES 4: 1.1738 High Sep 13 and a key resistance
  • RES 3: 1.1576 50-day EMA
  • RES 2: 1.1461 High Sep 20
  • RES 1: 1.1364 High Sep 22
  • PRICE: 1.1328 @ 06:18 BST Oct 4
  • SUP 1: 1.1025 Low Sep 30
  • SUP 2: 1.0763 Low Sep 29
  • SUP 3: 1.0541/0350 Low Sep 28 / All Time Low
  • SUP 4: 1.0203 3.236 proj of the Jun 16 - Jul 14 - Aug 1 price swing

GBPUSD traded higher Monday and started the week on a bullish note, extending the latest recovery from 1.0350, Sep 26 low. The pair has cleared resistance at the 20-day EMA and this signals scope for a continuation higher near-term. The climb has opened 1.1364, the Sep 22 high while further out, potential is seen for an extension towards the 50-day EMA at 1.1576 - a key resistance. Initial support is seen at 1.1025, the Sep 30 low.