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AUSSIE 3-YEAR TECHS

(M1) Directional Triggers Intact

JGB TECHS

(M1) Bullish Focus

AUSSIE 10-YEAR TECHS

(M1) New Multi-Month Highs

USDCAD TECHS

Clearing Major Support

AUDUSD TECHS

Sizeable Resistance Building

Still Weak, But Above Friday Lows

CABLE TECHS
  • RES 4: 1.3341 2.0% 10-dma envelope
  • RES 3: 1.3284 High Dec 31, 2019
  • RES 2: 1.3200 High Mar 9 and a key resistance
  • RES 1: 1.3186 High Aug 6
  • PRICE: 1.3084 @ 04:49 BST Aug 11
  • SUP 1: 1.2945/12 Low Jul 30 / 20-day EMA
  • SUP 2: 1.2838 Low Jul 28
  • SUP 3: 1.2781 Low Jul 27
  • SUP 4: 1.2717 Low Jul 24

The pair pulled off cycle highs printed on Thursday last week, but has steered clear of breaking below the 1.30 mark, keeping the outlook constructive for now. The broader uptrend has been in place since the reversal on Mar 20 and remains the key driver. Attention is on 1.3200 next, Mar 9 high where a break would open 1.3284, Dec 31 2019 high. On the downside, support is at 1.2945, Jul 30 low.

MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com