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USDCAD TECHS

Heads North

AUDUSD TECHS

Bearish Cycle Still In Play

EURJPY TECHS

Death Cross Adding Pressure

FOREX

Risk Off Prompts Safe Haven Demand

GOLD
GOLD: The increase in geopolitical tension surrounding the previously documented
weekend attack on major Saudi oil facilities has lifted the yellow metal in
early trade this week.
- Bullion last deals at $1,504/oz, +$16/oz on the day, but well shy of the
$1,512/oz high printed early on.
- The recent range remains intact, with uptrend support from the May 30 low
holding on a closing basis on Friday. That initial area of support comes in at
$1,489.8/oz today, while initial resistance is located at the Sep 12 high of
$1,524.3/oz.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com