Trial now
AUSSIE 10-YEAR TECHS

(Z1) Shallow Bounce

USDCAD TECHS

Trend Needle Still Points North

WHITE HOUSE

Biden Losing Support On COVID-19 Strategy: Poll

AUDUSD TECHS

Slide Accelerates

LATAM

Snapshot: USDMXN Set To Post Highest 2021 Close

EURJPY TECHS

Still Looking For Weakness

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RES 4: 112.370 High Aug 20
  • RES 3: 112.350 High Aug 24
  • RES 2: 112.340 High Aug 31 and key near-term resistance
  • RES 1: 112.305 High Sep 3
  • PRICE: 112.265 @ 05:49 BST Sep 6
  • SUP 1: 112.265 Intraday low
  • SUP 2: 112.257 1.382 proj of the Aug 20 - 26 - 31 price swing
  • SUP 3: 112.250 1.50 proj of the Aug 20 - 26 - 31 price swing
  • SUP 4: 112.243 1.618 proj of the Aug 20 - 26 - 31 price swing

Schatz futures remain weak. The contract traded lower Aug 31 resuming the downtrend that started Aug 5. Price has cleared recent support at 112.310, Aug 25 low and has also recently breached its 50-day EMA on the continuation chart. Further weakness is likely with the focus on 112.257 next, a Fibonacci projection. Initial resistance has been defined at Friday's high of 112.305.