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JGB TECHS

(H2) Stabilising

USDCAD TECHS

Bias Still Points Lower

AUDUSD TECHS

Fading Onto Recent Gains

US

Tsy/Eurodollar Roundup

EURJPY TECHS

Remains Above Support

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  • RES 4: 0.7432/7471 High Nov 9 / High Nov 4
  • RES 3: 0.7371 High Nov 15
  • RES 2: 0.7245/7275 20-day EMA / Former channel base
  • RES 1: 0.7173/7198 High Dec 1 / High Nov 26
  • PRICE: 0.7070 @ 06:46 GMT Dec 3
  • SUP 1: 0.7063 Low Nov 30 and intraday low
  • SUP 2: 0.7049 Low Nov 4, 2020
  • SUP 3: 0.7028 Low Nov 3 2020
  • SUP 4: 0.6991 Low Nov 2 2020

The AUDUSD trend direction remains down and any short-term gains would be considered corrective. The recent sell-off through the base of the bull channel drawn from the Aug 20 low strengthened the downtrend and bears have not looked back. Furthermore, support at 0.7170, Sep 29 low has been cleared. A resumption of weakness would refocus attention on 0.7049 next, the Nov 4 2020 low. Initial resistance is 0.7173.