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AUSSIE 10-YEAR TECHS

(Z1) Off Lows, But Remains Weak

USDCAD TECHS

Still Vulnerable

AUDUSD TECHS

Bullish Price Sequence

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  • RES 4: 112.340 High Aug 31
  • RES 3: 112.305 High Sep 3
  • RES 2: 112.290 High Sep 20 and key near-term resistance
  • RES 1: 112.254 20-day EMA
  • PRICE: 112.205 @ 05:23 BST Sep 28
  • SUP 1: 112.190 2.500 proj of the Aug 20 - 26 - 31 price swing
  • SUP 2: 112.183 2.618 proj of the Aug 20 - 26 - 31 price swing
  • SUP 3: 112.174 2.764 proj of the Aug 20 - 26 - 31 price swing
  • SUP 4: 112.159 61.8% retracement of the May - Aug rally (cont)

Schatz futures resumed bearish activity last week and remains weak. The contract traded below former support at 112.215, Sep 9 low. This confirms a resumption of the downtrend and maintains a price sequence of lower lows and lower highs that defines a downtrend. Scope is seen for an extension lower with the focus on 112.190 next, a Fibonacci projection. On the upside, key short-term resistance has been defined at 112.290, Sep 20 high.