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USDCAD TECHS

Remains Vulnerable

AUDUSD TECHS

Trend Needle Points North

US TSYS

Bonds Near Highs, Yield Curves Flatter

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(U2)‌‌ Bullish Focus

US 10YR FUTURE TECHS
  • RES 4: 120-00 Round number resistance
  • RES 3: 119-16+ High Jun 1
  • RES 2: 119-03+ 76.4% retracement of the May 26 - Jun 14 bear leg
  • RES 1: 118-08/20 High Jun 24 / 50-day EMA
  • PRICE: 116-19 @ 15:37 BST Jun 28
  • SUP 1: 115-20 Low Jun 17
  • SUP 2: 114-07+ Low Jun 14 and bear trigger
  • SUP 3: 114-00 Round number support
  • SUP 4: 113-19 Low Jun 19, 2009 (cont)

Treasuries are drifting off last week’s highs, partially reversing the recent firm short-term tone. Recent gains have resulted in a break of the 20-day EMA, signalling potential for an extension higher. This has exposed the 50-day EMA, which intersects at 118-20. A break would strengthen bullish conditions. Note, however, that the primary trend is down. Initial firm support to watch is 115-20, the Jun 17 low. A breach would expose 114-07+, the bear trigger.

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  • RES 4: 120-00 Round number resistance
  • RES 3: 119-16+ High Jun 1
  • RES 2: 119-03+ 76.4% retracement of the May 26 - Jun 14 bear leg
  • RES 1: 118-08/20 High Jun 24 / 50-day EMA
  • PRICE: 116-19 @ 15:37 BST Jun 28
  • SUP 1: 115-20 Low Jun 17
  • SUP 2: 114-07+ Low Jun 14 and bear trigger
  • SUP 3: 114-00 Round number support
  • SUP 4: 113-19 Low Jun 19, 2009 (cont)

Treasuries are drifting off last week’s highs, partially reversing the recent firm short-term tone. Recent gains have resulted in a break of the 20-day EMA, signalling potential for an extension higher. This has exposed the 50-day EMA, which intersects at 118-20. A break would strengthen bullish conditions. Note, however, that the primary trend is down. Initial firm support to watch is 115-20, the Jun 17 low. A breach would expose 114-07+, the bear trigger.