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USDCAD TECHS

Still Vulnerable

EUROZONE ISSUANCE

EGB Supply For W/C Oct 18, 2021 (2/2)

AUDUSD TECHS

Bullish Price Sequence

EUROZONE ISSUANCE

EGB Supply For Oct W/C Oct 18, 2021 (1/2)

EUROZONE T-BILL ISSUANCE

Bill Supply For W/C Oct 18, 2021 (2/2)

EUROZONE T-BILL ISSUANCE

Bill Supply For W/C Oct 18, 2021 (1/2)

(Z0) Key Resistance Remains Intact

US 5YR FUTURE TECHS
  • RES 4: 126-072 61.8% retracement of the Aug 4 - 28 sell-off
  • RES 3: 126-036 50.0% retracement of the Aug 4 - 28 sell-off
  • RES 2: 126-026 High Aug 21 and key resistance
  • RES 1: 126-02+ High Sep 1
  • PRICE: 126-000 @ 11:16 BST, Sep 2
  • SUP 1: 125-216 Low Aug 28 and the bear trigger
  • SUP 2: 125-212 0.618 proj of Aug 4 - 14 sell-off from Aug 21 high
  • SUP 3: 125-182 0.764 proj of Aug 4 - 14 sell-off from Aug 21 high
  • SUP 4: 125.13 1.000 proj of Aug 4 - 14 sell-off from Aug 21 high

5yr futures traded higher again yesterday. Price action has so far stalled ahead of key resistance at 126-026, Aug 21. A break of this hurdle is required to reinforce a bullish theme and also confirm a bullish candle pattern that marks price action on Aug 28, a bullish engulfing. Objectives above 126-026 lie at 126-036 and 126-072, both Fibonacci retracement levels. Key support is at 125-216, a breach would instead see bears again take control.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com
MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com