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USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

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  • RES 4: 4341.40 1.382 proj of the May 13 - Jun 17 - Jul 19 price swing
  • RES 3: 4294.20 1.236 proj of the May 13 - Jun 17 - Jul 19 price swing
  • RES 2: 4278.85 2.0% 10-dma envelope
  • RES 1: 4211.00/52.00 High Sep 13 / High Sep 6 and the bull trigger
  • PRICE: 4160.00 @ 05:51 BST Sep 16
  • SUP 1: 4132.50 Low Sep 9
  • SUP 2: 4078.00 Low Aug 19 and the bear trigger
  • SUP 3: 4026.20 76.4% retracement of the Jul 19 - Aug 13 rally
  • SUP 4: 3944.00 Low Jul 21

EUROSTOXX 50 futures continue to consolidate. The contract traded to a fresh trend high of 4252.00 on Sep 6 reinforcing the primary uptrend. This opens 4294.20, 1.236 projection of the May 13 - Jun 17 - Jul 19 swing. Price has however since retreated and a corrective phase is playing out. Attention is on 4138.50, the Aug 26 low. It has been probed, a clear break would open 4078.00, Aug 19 low and a key support. 4132.50 is the intraday bear trigger.