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USDCAD TECHS

Returning Lower

US TSYS SUMMARY

Risk-On Ahead July Employment Report

SOUTH AFRICA

New Finance Minister Godongwana Profile

AUDUSD TECHS

Bearish Focus

Resumes Its Uptrend

CABLE TECHS
  • RES 4: 1.3677 76.4% retracement of the 2018 - 2020 Selloff
  • RES 3: 1.3514 High Dec 13, 2019
  • RES 2: 1.3436 2.0% 10-dma envelope
  • RES 1: 1.3368 High Aug 28
  • PRICE: 1.3339 @ 05:53 BST Aug 31
  • SUP 1: 1.3186 Low Aug 28
  • SUP 2: 1.3103 20-day EMA
  • SUP 3: 1.3054 Low Aug 24 and the bear trigger
  • SUP 4: 1.3005 Low Aug 12

GBPUSD ended last week on a firm note, rallying Friday and closing near session highs above the former resistance at 1.3267, Aug 19 high. Clearance of 1.3267 has also confirmed a resumption of the uptrend that has been in place since the March lows. Price action Friday also saw the pair clear 1.3312, a Fibonacci projection, exposing a volatility band resistance at 1.3436. On the downside, 1.3054 marks the key trend support, Aug 24 low.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com