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USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

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  • RES 4: 131.09/19 High Jul 13 / 1.0% 10-dma envelope
  • RES 3: 130.75 High Sep 3 and the bull trigger
  • RES 2: 130.20 High Sep 14 high
  • RES 1: 129.67 High Sep 17
  • PRICE: 128.99 @ 20:52 BST Sep 17
  • SUP 1: 128.60 Low Aug 24 and 76.4% of the Aug 19 - Sep 3 rally
  • SUP 2: 128.16 Low Aug 23
  • SUP 3: 127.94 Low Aug 19 and the bear trigger
  • SUP 4: 127.88 50.0% retracement of the Oct '20 - Jan rally

EURJPY traded lower last week to maintain a softer tone as the cross extends the sell-off that started Sep 3. 129.01, 61.8% retracement of the Aug 19 - Sep 3 rally has been breached. The focus is on 128.60, the 76.4% retracement and recent weakness signals scope for a test of key support at 127.94, Aug 19 low. Initial firm resistance is seen at 130.20, Sep 14 high. Key resistance is at 130.75, Sep 3 high.