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CEEMEA FX Price Signal Summary - USDZAR Remains In An Uptrend

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Gasoline Cracks Pull Back but Still 7$ Higher in the Month

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USDJPY bounce again above 143.00

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Polling in Focus as Clock Ticks to Round One

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Large call spread

US 10YR FUTURE TECHS

(Z2)‌‌ Southbound

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Shallow Bounce

AUSSIE 10-YEAR TECHS
  • RES 3: 97.455 - High Mar 18
  • RES 2: 97.185/348 - High Apr 5 / 200-dma
  • RES 1: 97.040 - High Aug 03
  • PRICE: 96.645 @ 15:44 BST Aug 17
  • SUP 1: 96.355 - Low Jul 22
  • SUP 2: 96.127 - 3.0% Lower Bollinger Band
  • SUP 3: 95.663 - Low Jun 16

Aussie 10yr futures traded weaker into the Friday close, but recovered well ahead of key support at 96.355, the Jul 22 low. The bull cycle that started off the mid-June lows remains intact and targets the 200-dma on the continuation contract at 97.348, which marks the next upside hurdle. On the downside, a failure to remain above support at 96.355 would instead signal a reversal and suggest scope for a deeper retracement towards the mid-Jun low of 95.663.

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  • RES 3: 97.455 - High Mar 18
  • RES 2: 97.185/348 - High Apr 5 / 200-dma
  • RES 1: 97.040 - High Aug 03
  • PRICE: 96.645 @ 15:44 BST Aug 17
  • SUP 1: 96.355 - Low Jul 22
  • SUP 2: 96.127 - 3.0% Lower Bollinger Band
  • SUP 3: 95.663 - Low Jun 16

Aussie 10yr futures traded weaker into the Friday close, but recovered well ahead of key support at 96.355, the Jul 22 low. The bull cycle that started off the mid-June lows remains intact and targets the 200-dma on the continuation contract at 97.348, which marks the next upside hurdle. On the downside, a failure to remain above support at 96.355 would instead signal a reversal and suggest scope for a deeper retracement towards the mid-Jun low of 95.663.