Trial now
USDCAD TECHS

Still In A Bear Cycle

LATAM

Summary: USDBRL Extends Losses To Near 2%

AUDUSD TECHS

Needle Still Points North

US TSYS

Focus on Midweek BoC, ECB Policy Announcements

FOREX

EUR Crosses Come Under Pressure As ECB Beckons

(Z0) Tests Key Resistance

US 5YR FUTURE TECHS
  • RES 4: 126-08+ High Aug 10
  • RES 3: 126-072 61.8% retracement of the Aug 4 - 28 sell-off
  • RES 2: 126-036 50.0% retracement of the Aug 4 - 28 sell-off
  • RES 1: 126-026 High Aug 21, high Sep 2 and key resistance
  • PRICE: 126-016 @ 11:18 BST, Sep 3
  • SUP 1: 125-29+ Low Aug 31
  • SUP 2: 125-216 Low Aug 28 and the bear trigger
  • SUP 3: 125-212 0.618 proj of Aug 4 - 14 sell-off from Aug 21 high
  • SUP 4: 125-182 0.764 proj of Aug 4 - 14 sell-off from Aug 21 high

5yr futures traded continue to trade higher and the contract has tested key resistance at 126-026, Aug 21 high. A break of this hurdle is required to reinforce a bullish theme and also confirm a bullish candle pattern from 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, Aug 28 low. Initial support is at 125-29+, Aug 31 low.