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MNI

Test, Please Ignore

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: 112.210 High Jun 11 and the bull trigger
  • RES 3: 112.185 High Jun 15 and 16
  • RES 2: 112.175 High Jun 17 and 18
  • RES 1: 112.165 High Jun 21
  • PRICE: 112.125 @ 05:33 BST Jun 22
  • SUP 1: 112.120 Low May 17, Jun 21 and intraday low
  • SUP 2: 112.110 Low Apr 20
  • SUP 3: 112.086 138.2% retracement of the May17 - Jun 11 rally
  • SUP 4: 112.075 1.50% retracement of the May17 - Jun 11 rally

Schatz futures traded lower yesterday and breached support at 112.135, May 27, 28 and 31 lows and key near-term support. The break lower reinforces a bearish theme highlighting the risk of a deeper sell-off. Price is currently also testing support 112.120, May 17 and Jun 21 low and today's intraday low so far. Note too that a key support lies at 112.110, Apr 20 low where a break would further reinforce a bearish theme. Initial resistance is at 112.165.