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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: 134-09+ High Aug 5
  • RES 3: 134-00+ High Aug 17 and key near-term resistance
  • RES 2: 133-28 High Sep 3
  • RES 1: 133-14+ High Sep 16
  • PRICE: 133-10 @ 15:26 BST Sep 21
  • SUP 1: 132-20+ Low Sep 17
  • SUP 2: 132-12 0.764 proj of the Aug 4 - 11 - 17 price swing
  • SUP 3: 131-27+ 1.00 proj of the Aug 4 - 11 - 17 price swing
  • SUP 4: 131-14 Low Jun 17 (cont)

Treasury futures remain above recent lows. Last week saw the contract probe support at 132-25+, Aug 26 low and 132-21+, Aug 11 low. Although some support has been established, a bearish threat remains present. A resumption of weakness would open 132-12, a Fibonacci projection and below. On the upside, initial firm resistance is seen at 133-28, Sep 3 high ahead of the key hurdle for bulls at 134-00+.