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AUSSIE 10-YEAR TECHS

(Z1) Shallow Bounce

USDCAD TECHS

Trend Needle Still Points North

WHITE HOUSE

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AUDUSD TECHS

Slide Accelerates

LATAM

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EURJPY TECHS

Still Looking For Weakness

Trades To A Fresh 2020 High

CABLE TECHS


  • RES 4: 1.3677 76.4% retracement of the 2018 - 2020 Selloff
  • RES 3: 1.3514 High Dec 13, 2019
  • RES 2: 1.3312 1.00 proj of Mar 20 - Apr 14 rally from May 18 low
  • RES 1: 1.3296 High Dec 31, 2019 / Aug 27
  • PRICE: 1.3284 @ 10:47 BST Aug 28
  • SUP 1: 1.3117 Low Aug 26
  • SUP 2: 1.3054 Low Aug 24 and the bear trigger
  • SUP 3: 1.3005 Low Aug 12
  • SUP 4: 1.2982 Low Aug 4 and a key support

USD is pushing higher and has confirmed a print above yesterday's high of 1.3284, boosting the pair to the best levels of 2020, at 1.3296. Clearance of the former bull trigger at 1.3267, Aug 19 high has strengthened the upside argument. Additional follow through would reinforce positive conditions and open 1.3312 initially, a Fibonacci projection. On the downside, 1.3054 marks the key near-term support, Aug 24 low.

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