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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%

TECHS: Consolidating But Remains Bearish

DOLLAR-CANADA
  • RES 4: 1.3245 High Aug 20 and key intraday resistance
  • RES 3: 1.3188 20-day EMA
  • RES 2: 1.3133 High Aug 28
  • RES 1: 1.3114 High Aug 31
  • PRICE: 1.3087 @ 10:48 BST Sep 3
  • 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

A USDCAD bearish theme remains. Tuesday saw the price 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 1.3000 handle would pave the way for a test of the Dec 31 2019 low of 1.2952. Initial resistance is at 1.3114.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com
MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com