Trial now
USDCAD TECHS

Pullback Considered Corrective

AUDUSD TECHS

Holding Above Recent Lows

US EURODLR OPTIONS

BLOCK, Large 3Y Midcurve Put Condor

Trendline Resistance Intact For Now

AUSSIE TECHS
  • RES 4: 0.7318 76.4% retracement September Sell-Off
  • RES 3: 0.7318 High Sep 21
  • RES 2: 0.7258 61.8% retracement September Sell-Off
  • RES 1: 0.7243 High Oct 10 and the intraday bull trigger
  • PRICE: 0.7217 @ 17:46 BST Oct 12
  • SUP 1: 0.7160 20-day EMA
  • SUP 2: 0.7096 Low Oct 7 and the intraday bear trigger
  • SUP 3: 0.7070 Low Sep 29
  • SUP 4: 0.7006 Low Sep 25 and the bear trigger

AUDUSD rallied sharply higher Friday clearing resistance at 0.7209, Oct 1 and 6 high. This brought the pair into contact with trendline resistance drawn off the Sep 1 high. The line intersects at 0.7226 today. A move above Friday's high of 0.7243, would confirm a breach of the line and reinforce S/T bullish conditions, opening 0.7258, a Fibonacci retracement. Initial support is at 0.7160, a break would highlight a possible failure at the trendline.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com