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US EURODLR OPTIONS

BLOCK, Red Dec'22 Put spd

EURJPY TECHS

Defying Gravity

FOREX

AUD and NZD Extend Positive Trend

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  • RES 4: 128.42 High Sep 7
  • RES 3: 128.18 High Sep 10, 14
  • RES 2: 127.69 High Sep 21 and key near-term resistance
  • RES 1: 126.84 Low Sep 17 and recent breakout level
  • PRICE: 125.94 @ Close Sep 27
  • SUP 1: 125.71 Low Sep 27
  • SUP 2: 125.48 1.00 proj of the Aug 31 - Sep 17 - 21 price swing
  • SUP 3: 124.96 1.236 proj of the Aug 31 - Sep 17 - 21 price swing
  • SUP 4: 124.64 1.382 proj of the Aug 31 - Sep 17 - 21 price swing

Gilt futures traded lower again Monday as the current bear cycle extends. The outlook remains bearish following last week's sell-off and break of support at 126.84, Sep 17 low. The move lower confirmed a resumption of the downtrend and has opened 125.48 next, a Fibonacci projection. Firm resistance is at 127.69, Sep 21 high. A break of this level is required to ease bearish pressure.