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USDCAD TECHS

Consolidation Mode But Remains Bearish

AUDUSD TECHS

Fails To Hold Onto Thursday’s High

US

'Big Tech' Bill Goes To Senate

COMMODITIES

Oil Up For Fifth Week On Supply Disruption, Geopolitics

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  • Polish equities, which had looked vulnerable in recent weeks, received strong support in today’s trading session amid global risk-environment.
  • China RRR cut yesterday was followed by a significant drop in volatility, which has been favorable for EM risky assets.
  • WIG20 index broke above its 200DMA resistance today, next resistance to watch on the topside stands at 2,246.80, followed by 2,322 (100DMA).
  • Key support to watch on the downside stands at 2,103.51, which corresponds to the 38.2% Fibo retracement of the 1,496.80 – 2,478.60 range.

Source: Bloomberg/MNI