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USDCAD TECHS

Lower And Through Support

US TSYS SUMMARY

Risk Appetite Resumes

AUDUSD TECHS

In A Range

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  • RES 4: 1.4315 High Apr 18, 2018
  • RES 3: 1.4203/48 High Jun 3 / High Jun 1 and the bull trigger
  • RES 2: 1.4133 High Jun 16
  • RES 1: 1.4035 50-day EMA
  • PRICE: 1.3829 @ 15:34 BST Jun 18
  • SUP 1: 1.3817 Low Jun 17
  • SUP 2: 1.3801 Low May 3 and a key support
  • SUP 3: 1.3787 2.0% 10-dma envelope
  • SUP 4: 1.3717 Low Apr 16

GBPUSD remains weak following sharp losses Wednesday and Thursday. This week's price action has resulted in a break of the 50-day EMA and 1.4006, low May 13 and a recent key support. Price has also cleared the 100-DMA. Scope is seen for an extension lower towards 1.3801 next, May 3 low and key support. On the upside, initial resistance is seen at 1.4035, the 50-day EMA.