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USDCAD TECHS

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US TSYS

FI Support Evaporates Amid Late Month End Selling

AUDUSD TECHS

Remains Vulnerable

CANADA

Late Risk Off Sees USDCAD Eye Cycle Highs

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BLOCK, Late Puts

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Trading Below Last Week’s High

EURUSD TECHS
  • RES 4: 1.0536 High Jun 29
  • RES 3: 1.0488 High Jun 30
  • RES 2: 1.0449 High Jul 5
  • RES 1: 1.0326/68 Channel top from Feb 10 high / High Aug 10
  • PRICE: 1.0199 @ 15:50 BST Aug 15
  • SUP 1: 1.0185/0123 Low Aug 15 / 3
  • SUP 2: 1.0097 Low Jul 27 and key short-term support
  • SUP 3: 1.0007/0.9952 Low Jul 15 / 14 and the bear trigger
  • SUP 4: 0.9944 1.618 projection of the Jun 9 - 15 - 27 price swing

EURUSD remains below last week’s 1.0368 high. The pullback highlights - for now - a failure to deliver a clear break of the bear channel resistance, currently at 1.0326. The channel is drawn from the Feb 10 high and remains a key resistance. A clear breach would highlight a more significant bullish reversal. A deeper pullback though would bearish and signal a reversal lower inside the channel. Watch support at 1.0123, Aug 3 low.

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  • RES 4: 1.0536 High Jun 29
  • RES 3: 1.0488 High Jun 30
  • RES 2: 1.0449 High Jul 5
  • RES 1: 1.0326/68 Channel top from Feb 10 high / High Aug 10
  • PRICE: 1.0199 @ 15:50 BST Aug 15
  • SUP 1: 1.0185/0123 Low Aug 15 / 3
  • SUP 2: 1.0097 Low Jul 27 and key short-term support
  • SUP 3: 1.0007/0.9952 Low Jul 15 / 14 and the bear trigger
  • SUP 4: 0.9944 1.618 projection of the Jun 9 - 15 - 27 price swing

EURUSD remains below last week’s 1.0368 high. The pullback highlights - for now - a failure to deliver a clear break of the bear channel resistance, currently at 1.0326. The channel is drawn from the Feb 10 high and remains a key resistance. A clear breach would highlight a more significant bullish reversal. A deeper pullback though would bearish and signal a reversal lower inside the channel. Watch support at 1.0123, Aug 3 low.