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USDCAD TECHS

Heading North

GLOBAL POLITICAL RISK

Modi, AMLO Top Major Economy Leader Poll, Macron Last

AUDUSD TECHS

Under Pressure

EURJPY TECHS

Trend Condition Remains Bearish

EURO-YEN TECHS
EURO-YEN TECHS: Y129.84 Now Protects Against A Y129.55 Return
*RES 4: Y131.41/52 Aug 2 high, 1.618 swing of Y130.51-Y128.87
*RES 3: Y131.13 Aug 4 high
*RES 2: Y130.83/87 Intraday, Aug 7 highs
*RES 1: Y130.45/50 Hourly resistance
*PRICE: Y130.08 @1512GMT
*SUP 1: Y129.84 Aug 1 low
*SUP 2: Y129.55 Jul 27, 28, Jul 31 lows
*SUP 3: Y129.07/10 4 month support line, 1% volatility band
*SUP 4: Y128.49 Jul 13 low
*COMMENTARY* Support from the congested area around Y130.15 has given way, this
now seeing the Aug 1 low at Y129.84 as the remaining protection to a return to
the key Y129.55 area. As a result, nearest resistance falls to Y130.45-50, with
Y130.83-Y130.87 currently of more consequence higher. Need back above here to
reduce near term downside bias. Below Y129.55 and the 4 month rising support
line at Y129.07 today, then comes into view.