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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

AUSSIE
AUSSIE: The minor moderation in risk appetite observed through the early part of
the Asia-Pac session saw AUD/USD move below its 100-DMA at $0.7253, last
$0.7252, even as Aussie stocks outperformed for most of the session, with
traders seemingly hesitant against the backdrop of the Thanksgiving holiday.
- A concerted move lower will bring yesterday's intraday low at $0.7203 into
focus, with bears ultimately needing a break of the Nov 13 low at $0.7164 to
maintain control. To move the outlook back to bullish, the rate needs to break
the 61.8% retracement of the move from $0.6828 to $0.8136 at $0.7328. Initial
resistance at yesterday's high of $0.7277, followed by the November 20 high at
$0.7301.
- Next week will see speeches from RBA Gov. Lowe & RBA's Kent and the release of
Q3 CapEx data.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com