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USDCAD Resisting Modest Broader USD Weakness


Price Signal Summary: USDCLP Heading South

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Trades Through Support: *RES 4:......>

EURO-YEN TECHS: Trades Through Support:
*RES 4: 120.33 100-dma
*RES 3: 120.01 High Sep 13 and the bull trigger
*RES 2: 119.00 Channel resistance drawn off Apr 17 high
*RES 1: 118.47 High Sep 27
*PRICE: 117.39 @ 16:07 GMT Oct 2
*SUP 1: 117.28 Low Sep 5
*SUP 2: 116.85 76.4% retracement Sep3 - Sep13 rally
*SUP 3: 116.13 Low Sep 4
*SUP 4: 115.87 Low Sep 3 and M/T bear trigger
EURJPY has resumed its bearish pressure breaching former support at 117.45, Sep
27 low and 61.8% of Sep 3 - Sep 13 rally. A continued push lower would further
reinforce the bearish significance of the recent failure at the channel top
drawn off Apr 17 high. Sights are now set on the 116.85, 76.4% retracement. On
the upside, resistance is located at 118.47. A break of the channel top at
119.00 and of resistance at 120.01 is still the requirement for a reversal.
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