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USDCAD TECHS

Consolidation Mode But Remains Bearish

AUDUSD TECHS

Fails To Hold Onto Thursday’s High

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  • RES 4: 1.1755 High Sep 22
  • RES 3: 1.1594/92 Bear channel top from Jun 1 high / High Oct 28
  • RES 2: 1.1514 Low Nov 5
  • RES 1: 1.1374 High Nov 18 and the 20-day EMA
  • PRICE: 1.1314 @ 06:09 GMT Nov 30
  • SUP 1: 1.1186/85 Low Nov 24 / Low Jul 1, 2020
  • SUP 2: 1.1128 1.764 proj of the Jan 6 - Mar 31 - May 25 price swing
  • SUP 3: 1.1040 76.4% retracement of the Mar ‘20 - Jan ‘21 uptrend
  • SUP 4: 1.0976 2.00 proj of the Jan 6 - Mar 31 - May 25 price swing

EURUSD remains above last week’s low. Despite recent gains, the outlook remains bearish. Last week’s move strengthened bearish conditions and confirmed an extension of the bearish price sequence of lower lows and lower highs. Moving average signals are pointing south too. The focus is on 1.1185 next, Jul 1 2020 low ahead of 1.1128, a Fibonacci projection. Initial firm resistance is at 1.1374, Nov 18 high and the 20-day EMA at 1.1383.