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US EURODLR OPTIONS

BLOCK, Midcurve Puts

GBPUSD TECHS

Eyeing The Next Fibonacci Retracement

PIPELINE

$2B Micron 3Pt Launched

US EURODLR FUTURES

BLOCK, Sep'22/Blue Dec'24 Spd

EURUSD TECHS

Remains Below The 20-Day EMA

EQUITIES

Mixed Monday, But Outlook Turning More Positive

TECHS: Approaching Major Support

DOLLAR-CANADA
  • RES 4: 1.3245 High Aug 20 and key intraday resistance
  • RES 3: 1.3203 20-day EMA
  • RES 2: 1.3133 High Aug 28
  • RES 1: 1.3114 High Aug 31
  • PRICE: 1.3067 @ 10:42 BST Sep 2
  • SUP 1: 1.2994 Low Sep 1
  • SUP 2: 1.2976 Low Jan 8
  • SUP 3: 1.2957 Low Jan 7
  • SUP 4: 1.2952 Low Dec 31, 2019 and a major support

USDCAD remains vulnerable despite the bounce off yesterday's low. Tuesday saw the pair extend its move lower testing territory below 1.3000. The extension confirms and reinforces the current downtrend and maintains the bearish price sequence of lower lows and lower highs that still dominates. A clear break of the psychological support at 1.3000 would pave the way for a test of the Dec 31 2019 low of 1.2952. Initial resistance is at 1.3114.