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USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

(Z0) Probes Resistance

US 10YR FUTURE TECHS
  • RES 4: 140-21+ 1.0% 10-dma Envelope
  • RES 3: 139-26+ High Aug 11
  • RES 2: 139-21+ 61.8% retracement of the Aug 4 - 28 decline
  • RES 1: 139-20 Intraday high
  • PRICE: 139-16 @ 11:34 BST Sep 3
  • SUP 1: 139-01 Low Sep 1
  • SUP 2: 138-18+ Low Aug 28 and the bear trigger
  • SUP 3: 138-13 0.764 proj of Aug 4 - 14 sell-off from Aug 21 high
  • SUP 4: 138-01 1.00 proj of Aug 4 - 14 sell-off from Aug 21 high

Treasuries continue to extend this week's climb and have today managed to probe resistance at 139-19+, Aug 21 and Sep 2 high. A clear breach of this resistance would undermine the recent bearish focus and instead signal scope for gains towards 139-21+, a Fibonacci retracement ahead of 139-26+, Aug 11 high. An inability to hold onto recent gains and a reversal lower would again refocus attention on 138-18+, key support and the Aug 28 low.

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