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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: 98.880 - High Aug 31 2021
  • RES 2: 98.755 - High Sep 23
  • RES 1: 98.390 - High Oct 15 and a key S/T resistance
  • PRICE: 98.115 @ 16:33 GMT Nov 24
  • SUP 1: 97.855 - Low Oct 29
  • SUP 2: 97.625 - 76.4% 2018-20 Range
  • SUP 3: 97.485 - Low Mar 19, 2020

Strength across Aussie 10y futures faded alongside global bond markets mid-last week. This worked against recent strength following the probe of resistance at 98.235, Oct 28 high. A clear break of this hurdle would signal potential for a climb towards 98.390, the Oct 15 high. The broader trend outlook remains bearish however and any resumption of weakness would refocus attention on the bear trigger at 97.855, Oct 29 low.