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GOLD TECHS

Trend Needle Still Points South

BUNDS

German supply and EU Final CPI

BRENT TECHS

(N2) Holding On To The Bulk Of Its Recent Gains

USDCAD TECHS

Corrective Pullback Extends

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EMERGING MARKETS
  • USDMXN remains above its key short-term trendline support drawn off the Jan 21 low. The line intersects at 20.5035 and a clear break, together with a move through the Mar 18 low of 20.2829 is needed to strengthen a bearish argument. This would open 19.8924, the Feb 15 low. Resistance is at 20.9695, Mar 24 high.
  • USDBRL remains firm following last week's strong gains. Attention is on 5.7741, 76.4% of the sell-off between Mar 9 - 19. This level has been tested today, a clear break would open 5.8743, Mar 9 high. A move below 5.4499 is required to reinstate a bearish threat. Initial support lies at 5.5932, the 20-day EMA.
  • USDCLP remains below 743.10, Mar 8 high. Support has been defined at 713.97, Mar 22 low where a break is required to reinstate a bearish threat. On the upside, clearance of 743.10, Mar 8 high would expose 751.20, Jan 13 high.
MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com
MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com

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