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USDCAD TECHS

Corrective Bounce

TURKEY

Turkish Bonds Gain W/W as CBRT Meeting Approaches

AUDUSD TECHS

Bearish Threat Following Friday’s Sell-Off

EUROZONE ISSUANCE

EGB Supply For W/C Jan 17, 2021 (2/2)

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  • RES 4: 136.14 High Aug 25
  • RES 3: 136.00 Round number resistance
  • RES 2: 135.870 High Sep 3
  • RES 1: 135.700 High Nov 26 and the bull trigger
  • PRICE: 135.530 @ 05:14 GMT Nov 29
  • SUP 1: 134.993 50-day EMA
  • SUP 2: 134.700/320 Low Nov 11 / Low Nov 3
  • SUP 3: 133.900/690 Low Nov 2
  • SUP 4: 133.340 Low Mar 19 and key medium-term support (cont)

Bobl futures recovered Friday and remained above 134.993, the 50-day EMA. The pullback early last week appears corrective. A bullish theme follows the break on Nov 19 of 135.320, Nov 15 high. This confirms a resumption of the S/T uptrend and opens 135.870 next, Sep 3 high. The break also signals scope for a climb towards 136.00 and beyond. Key S/T support is at 134.700, Nov 11 low. A break would reverse the direction.