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Technical Focus: The USD in general has.......>

FOREX
FOREX: Technical Focus: The USD in general has started the week on a firmer
note:
- Cable is lower this morning and has erased almost all of Friday's gains. A
move below 1.3084 would open 1.3000 and 1.2978/55. Note trendline support drawn
off the Sep 3 low we discussed last week intersects at 1.2956 today and
highlights the importance of support at 1.2955/56 from a trend perspective.
Initial resistance is today's 1.3215 intraday high.
- USDCAD remains bullish and targets 1.3270 next where a break would open
1.3300. Support lies at 1.3191.
- AUDUSD remains heavy and the focus is on the major support at 0.6671, the Oct
2 low. A break would reinforce this year's bearish theme so far and expose
0.6659 and 0.6638. Resistance is at Friday's 0.6730 high.

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