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JGB TECHS

(U1) Tilted Higher

AUSSIE 10-YEAR TECHS

(U1) Uptrend Weakening

US TSYS SUMMARY

Bullard Kickstarts Reflation Unwind Theme

AUDUSD TECHS

Fresh 2021 Lows

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  • RES 4: $1537.38 - 0.764 proj of Mar 31 - May 12 - May 26 price swing
  • RES 3: $1500.00 - Round number resistance
  • RES 2: $1496.94 - 0.618 proj of Mar 31 - May 12 - May 26 price swing
  • RES 1: $1480.00 - High Jun 7 and the bull trigger
  • PRICE: $1437.00 @ 13:44 BST Jun 11
  • SUP 1: $1405.69 - 20-day EMA
  • SUP 2: $1325.75 - Low May 26 and key support
  • SUP 3: $1312.00 - Low Apr 30
  • SUP 4: $1285.00 - High Apr 1

Soybean futures traded higher Monday and confirmed a print above resistance at $1461.00, May 12 high and the bull trigger. The move higher also confirms a resumption of the underlying uptrend taking the contract to fresh highs for the year. This opens $1496.94 next, a Fibonacci projection. On the downside, key trend support has been defined at $1325.75, May 26 low.