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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: 110.82 High Jul 7
  • RES 3: 110.80 High Aug 11 and a key resistance
  • RES 2: 110.45/46 High Sep 8 / High Aug 13
  • RES 1: 110.16 High Sep 13
  • PRICE: 109.87 @ 06:18 BST Sep 17
  • SUP 1: 109.11 Low Aug 16 / Sep 15
  • SUP 2: 108.72 Low Aug 04 and the bear trigger
  • SUP 3: 108.56 Low May 25
  • SUP 4: 108.47 76.4% of the Apr 23 - Jul 2 rally

USDJPY is trading modestly higher, but remains fragile after the recent sell-off. However, support at 109.11, Aug 16 / Sep 15 low needs to give way to reinforce a bearish theme. A breach of this support would expose the 108.72, Aug 4 low. Clearance of this level would open 108.47, a Fibonacci retracement and below. For bulls, the level to breaks remains 110.80, Aug 11 high. Initial firm resistance is at 110.45/46.