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JGB TECHS

(U1) Tilted Higher

AUSSIE 10-YEAR TECHS

(U1) Uptrend Weakening

US TSYS SUMMARY

Bullard Kickstarts Reflation Unwind Theme

AUDUSD TECHS

Fresh 2021 Lows

TECHS: Trades Through Support

DOLLAR-CANADA
  • RES 4: 1.3421 High Sep 30 and primary resistance
  • RES 3: 1.3341 High Oct 7 and a reversal trigger
  • RES 2: 1.3255/59 50-day EMA / High Oct 15 and the bull trigger
  • RES 1: 1. 3210 20-day EMA
  • PRICE: 1.3108 @ 10:57 BST Oct 21
  • SUP 1: 1.3081 Intraday low
  • SUP 2: 1.3047 Low Sep 7
  • SUP 3: 1.3038 Low Sep 2
  • SUP 4: 1.2994 Low Sep 1 and the major support

USDCAD bearish conditions dominate once again. The pair has today weakened through key support at 1.3099, Oct 13 low. The move lower confirms a resumption of current downtrend that started off the 1.3421 high on Sep 30. Moving average studies are bearish too, reinforcing the current climate. Scope is for a move towards the major support at 1.2994, Sep 1 low. Key resistance has been defined at 1.3259, Oct 15 high.

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