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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 4: 133-12+ High Sep 22
  • RES 3: 132-21+ Low Aug 11 and recent breakout level
  • RES 2: 132-08+ High Oct 4
  • RES 1: 131-08/131-30+ High Nov 19 / High Nov 5
  • PRICE: 131-03 @ 11:53 GMT Nov 26
  • SUP 1: 129-16 Low Nov 25 and the bear trigger
  • SUP 2: 128-17+ Low Jan 9, 2020 (cont)
  • SUP 3: 128-05 Low Jan 2, 2020 (cont)
  • SUP 4: 127-29 Low Dec 13, 2019

Treasuries have reversed direction and rallied sharply higher today. The bounce from yesterday's low of 129-16 has resulted in a breach of the 20-day EMA and the contract is testing the 50-day EMA at 131-05+. Just above this level is resistance at 131-08, the Nov 19 high. A break of this zone would signal scope for stronger climb towards 131-30+, the Nov 5 high. For bears, a break of support at 129-16 would resume the downtrend.