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USDCAD TECHS

Heading North

GLOBAL POLITICAL RISK

Modi, AMLO Top Major Economy Leader Poll, Macron Last

AUDUSD TECHS

Under Pressure

EURJPY TECHS

Trend Condition Remains Bearish

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  • RES 4: 1.3983 High Jul 30
  • RES 3: 1.3958 High Aug 4
  • RES 2: 1.3913 High Sep 14 and a key resistance
  • RES 1: 1.3854 High Sep 15
  • PRICE: 1.3817 @ 15:24 BST Oct 21
  • SUP 1: 1.3685 20-day EMA
  • SUP 2: 1.3544 Low Oct 6
  • SUP 3: 1.3411/12 2.0% 10-dma env / Low Sep 29 and the bear trigger
  • SUP 4: 1.3354 Low Dec 23, 2020

GBPUSD is trading near recent highs and the rally that started late September remains intact. The pair has recently traded through the 50-day EMA and Tuesday's technical break was a breach of 1.3795, 76.4% of the Sep 14 -29 downleg. The break higher opens 1.3913, Sep 14 high and the next key resistance. On the downside, a firm short-term support is seen at 1.3685, the 20-day EMA.