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EUROZONE T-BILL ISSUANCE

W/C May 23, 2022

EURJPY TECHS

Monitoring Support

USDJPY TECHS

Support Appears Exposed

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Timeline of key events (Times BST)

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Timeline of key events (Times BST)

EURGBP TECHS

Bearish Threat Remains Present

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Trend Needle Still Points South

AUDUSD TECHS
  • RES 4: 0.7266 High May 4/5 and a bull trigger
  • RES 3: 0.7230 50-day EMA
  • RES 2: 0.7135 Low May 6
  • RES 1: 0.6953/7054 High May 12 / High May 11 and key resistance
  • PRICE: 0.6894 @ 06:49 BST May 13
  • SUP 1: 0.6829 Low May 12
  • SUP 2: 0.6805 Low Jun 22 2020
  • SUP 3: 0.6784 0.764 proj of the Apr 5 - May 2 - 4 price swing
  • SUP 4: 0.6759 50.0% retracement of the Mar ‘20 - Feb ‘21 upleg

AUDUSD maintains a bearish tone and resumed its downtrend once again yesterday. The move lower marks an extension of the reversal last week from 0.7266, the May 4/5 high. Moving average studies remain in a bear mode, highlighting current sentiment. Support at 0.6968, the Jan 28 low and a bear trigger, has been breached. This opens 0.6805 next, the Jun 22 2020 low. Initial firm resistance is at Wednesday’s high of 0.7054.

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  • RES 4: 0.7266 High May 4/5 and a bull trigger
  • RES 3: 0.7230 50-day EMA
  • RES 2: 0.7135 Low May 6
  • RES 1: 0.6953/7054 High May 12 / High May 11 and key resistance
  • PRICE: 0.6894 @ 06:49 BST May 13
  • SUP 1: 0.6829 Low May 12
  • SUP 2: 0.6805 Low Jun 22 2020
  • SUP 3: 0.6784 0.764 proj of the Apr 5 - May 2 - 4 price swing
  • SUP 4: 0.6759 50.0% retracement of the Mar ‘20 - Feb ‘21 upleg

AUDUSD maintains a bearish tone and resumed its downtrend once again yesterday. The move lower marks an extension of the reversal last week from 0.7266, the May 4/5 high. Moving average studies remain in a bear mode, highlighting current sentiment. Support at 0.6968, the Jan 28 low and a bear trigger, has been breached. This opens 0.6805 next, the Jun 22 2020 low. Initial firm resistance is at Wednesday’s high of 0.7054.