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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%

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  • RES 4: 133-28 High Sep 3
  • RES 3: 133-12+ High Sep 22
  • RES 2: 132.21+ Low Aug 11 and recent breakout level
  • RES 1: 132-05+ High Sep 27
  • PRICE: 131-18+ @ 12:31 BST Sep 28
  • SUP 1: 131-07 Low Sep 28
  • SUP 2: 131-03+ Low Jun 25
  • SUP 3: 131-01 1.382 proj of the Aug 4 - 11 - 17 price swing
  • SUP 4: 130-25 1.50 proj of the Aug 4 - 11 - 17 price swing

Treasury futures remain under pressure. The contract last week confirmed a clear break of a key support at 132-21+, Aug 11 low to mark a resumption of the bear cycle that started Aug 4. This week's strong follow through reinforces the bearish theme and a price sequence of lower lows and lower highs that has been established. Attention is on 131-03+ next, Jun 25 low. Initial resistance is seen at 132-05+, the Sep 27 high.