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USDCAD TECHS

Needle Still Points South

US TSYS

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Heading North

EURJPY TECHS

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COLOMBIA

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  • RES 4: 134-26+ High Aug 4 and the bull trigger
  • RES 3: 134-09+ High Aug 5
  • RES 2: 134-00+ High Aug 17 and key near-term resistance
  • RES 1: 133-28 High Sep 3
  • PRICE: 133-11 @ 11:22 BST Sep 16
  • SUP 1: 132-28+/132-25+ Low Sep 7 / Low Aug 26
  • SUP 2: 132-21+ Low Aug 11 and a key support
  • SUP 3: 132-12 0.764 proj of the Aug 4 - 11 - 17 price swing
  • SUP 4: 131-27+ 1.00 proj of the Aug 4 - 11 - 17 price swing

Treasury futures have failed to hold onto recent gains and price has pulled back. The contract remains range bound. For bulls, the resistance to watch is 134-00+, Aug 17 high. A break would open 134-26+, Aug 4 high. On the downside, support lies at 132-25+, Aug 26 low and 132-21+, Aug 11 low. A move below the latter level would strengthen a bearish case and signal potential for a deeper pullback and a stronger reversal.