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EUROSTOXX50 TECHS

(Z1) Remains Vulnerable

BTP TECHS

(Z1) Holding Above Last Week’s Low

GILT TECHS

(H2) Price Structure Remains Bullish

SCHATZ TECHS

(Z1) Pullback Considered Corrective

BOBL TECHS

(Z1) Needle Points North

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  • They recommend going short AUD/CAD at current levels and look to add at 0.9315. They set their take profit at 0.8850 and a stop loss at 0.9390.
  • RBC see the cross as consolidating between a triple top at 0.9387 and a double bottom at 0.9114 since June, forming a rectangle pattern.
  • A daily close below 0.9114 would confirm its' bearish implications, targeting 50% retracement of the 2020-2021 advance at 0.9032 initially.
  • Moves to resistance at 0.9251 and 0.9314 are expected to attract selling interest as the consolidation plays out.