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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: 130-31/131-19+ High Oct 19 / High Oct 14
  • PRICE: 130-18+ @ 15:12 BST Oct 20
  • SUP 1: 130-07 1.764 proj of the Aug 4 - 11 - 17 price swing
  • SUP 2: 130-00 Psychological round number
  • SUP 3: 129-03 50.0% of the Oct '18 - Mar '20 bull cycle
  • SUP 4: 128-17+ Low Jan 9, 2020 (cont)

Treasuries remain bearish. Weakness this week confirmed a break of the 130-25+ congestion support, Oct 11 - 13 lows and an extension of the bearish price sequence of lower lows and lower highs. This reinforces current sentiment and trend conditions with further downside likely. Attention is on 130-07, a Fibonacci projection and 130-00. Key resistance is at 131-19+, Oct 14 high.