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EUROZONE ISSUANCE

EGB Supply For W/C June 20, 2022 (2/2)

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AUSSIE TECHS
AUSSIE TECHS: Still Vulnerable Despite Today's Bounce
*RES 4: 0.6659 Trendline resistance drawn off the Jan 2 high
*RES 3: 0.6639 High Feb 21
*RES 2: 0.6607 High Feb 26
*RES 1: 0.6585 High Feb 28
*PRICE: 0.6528 @ 17:15 GMT Mar 2
*SUP 1: 0.6434 Low Feb 28
*SUP 2: 0.6422 1.382 projection of Jan 16 - Feb 4 decline from Feb 5 high
*SUP 3: 0.6417 3.0% 10-dma envelope
*SUP 4: 0.6392 1.50 projection of Jan 16 - Feb 4 decline from Feb 5 high
AUDUSD is off Friday's lows but remains vulnerable. The pair traded to a fresh
low of 0.6434 Friday to further reinforce current bearish conditions. Further
weakness is anticipated with the focus on 0.6422 and 0.6392 next, both Fibonacci
projections. While it may appear far away for now, the pace of the current slide
warns of a move down to the next major support at 0.6009, the 2008 low. Initial
resistance is at 0.6585, Friday's high.

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