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AUSSIE 10-YEAR TECHS

(Z1) Shallow Bounce

USDCAD TECHS

Trend Needle Still Points North

WHITE HOUSE

Biden Losing Support On COVID-19 Strategy: Poll

AUDUSD TECHS

Slide Accelerates

LATAM

Snapshot: USDMXN Set To Post Highest 2021 Close

EURJPY TECHS

Still Looking For Weakness

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  • USDMXN selling pressure has resumed and the pair has breached 20.2514, 61.8% of the Sep - Oct rally. Furthermore, price is also trading below the 50-day EMA and attention turns to 20.0975, the 76.4% retracement. Firm short-term resistance is seen at 20.5975, Oct 15 high. A break of this level is required to ease current bearish pressure.
  • USDBRL bulls remain in charge. Yesterday's rally resulted in a break of 5.5730, the Oct 13 high and confirms a resumption of the uptrend that started Jun 25. The 5.60 handle has also been tested and a clear break would expose 5.6428, 76.4% of the Mar - Jun downleg. Key short-term support has been defined at 5.4342, Oct 15 low.
  • USDCLP maintains a bull tone despite this week's pullback. The move to fresh trend highs last week reinforced bullish conditions and confirmed an extension of the bullish price sequence of higher highs and higher lows. The focus is on 834.36, 76.4% of the Mar 2020 - May 2021 downleg. A break would open 841.17, May 6, 2020 high. Firm short-term support lies at 806.63, the Oct 14 low. The 50-day EMA, as a support, is at $792.95.