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USDCAD TECHS

Needle Still Points South

US TSYS

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AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

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  • RES 3: 153.02 - High Apr 28 2020
  • RES 2: 152.62 - High Jul 21 and the bull trigger
  • RES 1: 151.93 High Sep 10 / 15
  • PRICE: 151.45 @ 15:44 BST Oct 14
  • SUP 1: 151.18 - Low Oct 08 / 11
  • SUP 2: 150.88 - Low Apr 1
  • SUP 3: 150.38 - Low Feb 26

The sell-off in JGBs remains top of mind for markets, but the downside pressure has abated somewhat in recent sessions. As such, markets have undergone a minor corrective bounce, but the sentiment and trend direction remains unchanged, with a re-test of recent lows likely. Weakness through 151.18 opens 150.88 and below. For the upside argument to firm, markets need to solidify the recovery above the 151.50 level initially ahead of the 200-dma at 151.69.