Trial now
USDCAD TECHS

Still Vulnerable

AUDUSD TECHS

Bullish Price Sequence

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • USD/RUB trades +0.31% higher this morning, brushing off slightly firmer oil markets to follow the USD higher.
  • The cross closed yesterday's session -0.30% lower, finding support at 72.60 for a second consecutive day.
  • Brent trades +0.35% higher this morning, with price action hovering around the $77.50 mark following a strong week of gains (+2.81%) resulting from ultra-low inventories.
  • With limited data on the agenda for today, the cross should track global risk sentiment into the weekend.
  • Next week we face a packed data schedule with 2Q Current Account, GDP, retail sales, real wages, and unemployment data on the docket.
  • Possible protest action from opposition parties will be monitored, but seems unlikely to spark any major action.
  • Intraday Sup1: 72.862, Sup2: 72.6637, Res1: 73.2181, Res2: 73.5125