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US TSYS SUMMARY

Inflation Concerns Underpin Bear Steepening

AUDUSD TECHS

Bullish Theme

EURJPY TECHS

Firm Within Its Bull Channel

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  • RES 4: 1.2063 2.0% 10-dma envelope
  • RES 3: 1.1990 High Mar 11 and a key resistance
  • RES 2: 1.1943 High Apr 13
  • RES 1: 1.1938 50-day EMA
  • PRICE: 1.1936 @ 17:09 BST Apr 13
  • SUP 1: 1.1861 Low Apr 8
  • SUP 2: 1.1795 Low Apr 6
  • SUP 3: 1.1738 Low Apr 5
  • SUP 4: 1.1704/1695 Low Mar 31 / 38.2% of the Mar 2020 - Jan rally

EURUSD traded well into the Tuesday close. The pair showed above the 50-day EMA, and markets now look for a close above the mark to trigger any recovery toward the March highs. This opens 1.1990 as the medium-term target. Initial support is 1.1861, Apr 8 low.