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AUSSIE 10-YEAR TECHS

(Z1) Off Lows, But Remains Weak

USDCAD TECHS

Still Vulnerable

AUDUSD TECHS

Bullish Price Sequence

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  • RES 4: $76.43 - 1.00 proj of the Aug 23 - Sep 2 - Sep 9 price swing
  • RES 3: $75.00 - Round number resistance
  • RES 2: $74.77 - High Jul 7 and the bull trigger
  • RES 1: $73.14/52 - High Sep 15 / High Jul 30
  • PRICE: $72.43 @ 06:51 BST Sep 17
  • SUP 1: $69.49 - 20-day EMA
  • SUP 2: $67.56 - Low Sep 9 and key support
  • SUP 3: $65.41 - Low Aug 24
  • SUP 4: $61.74 - Low Aug 23 and the bear trigger

WTI futures maintain a bullish outlook and the contract rallied Wednesday. This has resulted in a break of $71.30, the bear channel top drawn off the Jul 6 high. The move higher strengthens the current bullish theme and signals scope for further short-term gains. The focus is on $73.52 next, Jul 30 high ahead of the primary resistance and bull trigger at $74.77, Jul 7 high. Key support has been defined at $67.56, Sep 9 low.