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USDCAD TECHS

Heading North

GLOBAL POLITICAL RISK

Modi, AMLO Top Major Economy Leader Poll, Macron Last

AUDUSD TECHS

Under Pressure

EURJPY TECHS

Trend Condition Remains Bearish

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  • RES 3: 99.165 - High Nov 20, 2020
  • RES 2: 98.996 - 76.4% retracement of the Oct '20 - Feb sell-off
  • RES 1: 98.780 - High Sep 16
  • PRICE: 98.310 @ 15:48 BST Oct 15
  • SUP 1: 98.200 - Low Oct 12
  • SUP 2: 98.045 - Low Feb 26
  • SUP 3: 97.957 - 23.6% 2020 Range

Aussie 10y futures have stabilised somewhat, partially reversing the weakness seen into the Tuesday close. The initial move lower followed the break of former support at 98.665, Sep 8 low. Continued weakness has pressed prices through 98.495, Jul 6 low as well as Fib support at 98.393. This opens losses toward 98.045 initially and toward the next major support of 97.957.