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RUSSIA

USD/RUB Slips, Approaches April Lows

US 10YR FUTURE TECHS

‌‌(M1)‌‌ Resistance Remains Intact

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  • RES 4: 107.05 High Aug 13, 2020
  • RES 3: 106.95 High Aug 28, 2020
  • RES 2: 106.80 1.0% 10-dma envelope
  • RES 1: 106.77 High Mar 1
  • PRICE: 106.63 @ 16:36 GMT Mar 1
  • SUP 1: 105.85 Low Feb 25/26
  • SUP 2: 105.34 20-day EMA
  • SUP 3: 105.15 Trendline drawn off the Jan 6 low
  • SUP 4: 104.92 Low Feb 23 and a key support

USDJPY maintains a bullish tone. Last week's gains above 106.22, Feb 17 high, confirmed a resumption of the current uptrend and maintains the bullish price sequence of higher highs and higher lows. Moving average studies remain in a bull mode reinforcing current conditions and price remains above its trendline support drawn off the Jan 1 low. The focus is on 106.95 next, the Aug 28 2020 high. Initial support lies at 105.85, Feb 25/26 low.