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USDCAD TECHS

Still In A Bear Cycle

LATAM

Summary: USDBRL Extends Losses To Near 2%

AUDUSD TECHS

Needle Still Points North

US TSYS

Focus on Midweek BoC, ECB Policy Announcements

FOREX

EUR Crosses Come Under Pressure As ECB Beckons

(U1) Back to Flat

AUSSIE 10-YEAR TECHS
  • RES 3: 99.165 - High Nov 20
  • RES 2: 99.035 - High Dec 23 and key resistance
  • RES 1: 98.430 - High May 27
  • PRICE: 98.340 @ 16:43 BST Jun 7
  • SUP 1: 98.261 - 50-dma
  • SUP 2: 98.250 - 50% Retracement of the May Rally
  • SUP 3: 97.485 - Low March 2020

Aussie 10y futures continue their medium-term trend higher, extending gains to top out at 98.345 May high. This improves the outlook going forward, with the probability of progress through the 2021 losses increasing over the past few weeks. 98.220, May 14 low (cont) is support. A break would open 98.070, Mar 19 low and the 98.020 bear trigger, Mar 26 low.