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ASIA

Coming up in the Asia-Pac session on Tuesday:

USDCAD TECHS

Corrective Bounce

AUDUSD TECHS

Bearish Threat Following Friday’s Sell-Off

EURJPY TECHS

Finds Support Below The 50-Day EMA

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  • RES 3: 99.795 - High Aug 20 (cont)
  • RES 2: 99.300 - High Oct 14/15
  • RES 1: 99.120 - High Oct 19 and key near-term resistance
  • PRICE: 98.935 @ 15:56 GMT Dec 03
  • SUP 1: 98.540 - Low Oct 29
  • SUP 2: 98.510 - 61.8% 2018 - 2020 Range
  • SUP 3: 97.957 - 1.0% 10-dma envelope

Aussie 3yr futures traded solidly Friday, but held inside the week’s range. On Tuesday, however, prices corrected higher to touch 99.010. The move runs counter to the previously bearish trend, but markets need to top the first resistance at 99.120 to re-engage any rally. This leaves markets eyeing 98.540 Oct 29 low as first support as well as 98.510, the 61.8% level for the 2018-2020 range.