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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%

US 10YR FUTURE TECHS
  • RES 4: 133-00 Round number resistance
  • RES 3: 132-28+ 1.00 proj of Apr 29 - May 7 - May 13 price swing
  • RES 2: 132-20+ High May 7 and key short-term resistance
  • RES 1: 132-07+ High Jun 4
  • PRICE: 132-04 @ 16:41 BST Jun 7
  • SUP 1: 131-18 Low Jun 3 and 4
  • SUP 2: 131-01/130-31+ Low May 19 / Low May 13
  • SUP 3: 130-23+/17+ Low Apr 29 and key support / Low Apr 13
  • SUP 4: 129-31 Low Apr 6

US 10y futures have probed but still not cracked near-term resistance at 132-05+. This keeps the technical condition unchanged and attention is on support at 130-31+, May 13 low and a key S/T chart point. A break would expose 130-23+, Apr 29 low. The broader trend is down and sub 130-23+ levels would signal a resumption of the primary downtrend, opening 129-25, Mar 30 low. Key resistance to watch is 132-20+, May 7 high.