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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: 0.7534 High Jul 7
  • RES 3: 0.7503 High Jul 13
  • RES 2: 0.7478 High Sep 3 and the bull trigger
  • RES 1: 0.7427 High Oct 14
  • PRICE: 0.7416 @ 16:28 BST Oct 14
  • SUP 1: 0.7304 20-day EMA
  • SUP 2: 0.7226/7170 Low Oct 6 / Low Sep 29
  • SUP 3: 0.7137/06 / 2.0% 10-dma envelope / Low Aug 20 key support
  • SUP 4: 0.7053 38.2% retracement of the Mar '20 - Feb uptrend

AUDUSD continues to climb. The pair remains above the 20- and 50-day EMAs. Although the recent recovery is considered corrective, the break above these averages does suggest scope for an extension of gains. The focus is on 0.7478, Sep 3 high and a key short-term resistance. Support levels to watch are 0.7226, Oct 6 low and 0.7170, Sep 29 low. The latter is a bear trigger.