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USDCAD TECHS

Corrects Lower

AUDUSD TECHS

Eyeing Resistance

US TSY FUTURES

BLOCK, 5s/Ultra-Bond Flattener

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  • RES 4: 4300.00 Round number resistance
  • RES 3: 4223.00 High Sep 6 and the bull trigger
  • RES 2: 4234.50 0.764 projection of the Jul 19 - Sep 6 - 20 price swing
  • RES 1: 4200.50 Intraday high
  • PRICE: 4169.50 @ 06:08 BST Sep 24
  • SUP 1: 4116.30 50-day EMA
  • SUP 2: 3974.00 Low Sep 20
  • SUP 3: 3962.50 76.4% retracement of the Jul 19 - Sep 6 rally
  • SUP 4: 3941.50 Low Jul 21

EUROSTOXX 50 futures traded down to 3974.00 on Sep 20. The contract has since recovered though and continues to push higher. Importantly, price has traded above resistance at 4184.00 Sep 17 high paving the way for a test and a break of key resistance at 4223.00, Sep 6 high. A break of this hurdle would confirm a resumption of the underlying uptrend. Key support is unchanged at 3974.00.