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USDCAD TECHS

Consolidation Mode But Remains Bearish

AUDUSD TECHS

Fails To Hold Onto Thursday’s High

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  • RES 4: 4420.80 1.382 proj of the Jul 19 - Sep 6 - Oct 6 price swing
  • RES 3: 4409.50 High Nov 18 and the bull trigger
  • RES 2: 4304.50 Nov 24 high and a key short-term resistance
  • RES 1: 4168.00/4226.60 High Nov 29 / 50-day EMA
  • PRICE: 4135.00 @ 05:48 GMT Nov 29
  • SUP 1: 4004.00 Low Oct 12
  • SUP 2: 3949.50 Low Oct 6 and bear trigger
  • SUP 3: 3882.00 Low Jul 19
  • SUP 4: 3844.00 Low May 13 (cont)

EUROSTOXX 50 futures stalled at the overnight high of 4153.00 and have resumed their downtrend, probing Friday’s low of 4032.00. The outlook remains bearish following the recent sell-off that resulted in a break of the 50-day EMA. A clear breach of 4032.00 would open 4004.00 ahead of key support at the 3949.50 Oct 6 low. On the upside, a move above 4304.50, the Nov 24 high is required to ease bearish pressure.