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USDCAD TECHS

Pullback Considered Corrective

AUDUSD TECHS

Holding Above Recent Lows

US EURODLR OPTIONS

BLOCK, Large 3Y Midcurve Put Condor

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  • RES 3: 99.290 - High Oct 16, 2020 and key resistance
  • RES 2: 99.165 - High Nov 20, 2020
  • RES 1: 98.996 - 76.4% retracement of the Oct '20 - Feb sell-off
  • PRICE: 98.745 @ 16:09 BST Sep 15
  • SUP 1: 98.710 - Low Sep 07 and key support
  • SUP 2: 98.495 - Low Jul 6
  • SUP 3: 98.320 - Low Jun 17

Aussie 10y futures cemented their bullish standing, refuting the short-term corrective cycle. Price recently cleared 98.910, Aug 5 high to confirm a resumption of the uptrend. This maintains the bullish price structure of higher highs and higher lows and note that moving average conditions are in a bull mode. The focus is on 99.165, Nov 20, 2020 high. Initial firm support has been defined at 98.710, Sep 07 low.