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EUROZONE ISSUANCE

EGB Supply for W/C Jul 26

USDCAD TECHS

Pullback Considered Corrective

US TSYS SUMMARY

What a Short, Strange Trip It's Been

GLOBAL POLITICAL RISK

Pfizer, Moderna Jabs Retain High Trust; AZ, Sputnik Lower

AUDUSD TECHS

Trend Indicators Remain Bearish

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  • RES 4: 112.235 2.00 proj of the May 24 - 27 - 31 price swing
  • RES 3: 112.213 1.764 proj of the May 24 - 27 - 31 price swing
  • RES 2: 112.216 1.618 proj of the May 24 - 27 - 31 price swing
  • RES 1: 112.210 High Jun 11
  • PRICE: 112.165 @ 05:13 BST Jun 18
  • SUP 1: 112.150 Low Jun 16,17 and between Jun 4 - 8
  • SUP 2: 112.145 Low Jun 3
  • SUP 3: 112.135 Low May 27, 28 and 31 and key near-term support
  • SUP 4: 112.120 Low May 17

Schatz futures are trading near recent lows and remain below the Jun 11 high of 112.210. Attention is on support at 112.135, the May 27, 28 and 31 lows. A break of this level would strengthen a bearish case and expose the May low of 112.120. On the upside, key resistance has been defined at 112.210, Jun 11 high where a break is required to confirm a bullish price structure and resume the recent uptrend.