USDCAD TECHS: Key Support Intact For Now
Feb-06 08:04
* RES 4: 1.5000 Psychological round number * RES 3: 1.4948 High Mar 2003 * RES 2: 1.4814 High Apr 20...
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AUDUSD TECHS: Testing Resistance At The 20-Day EMA
Jan-07 08:00
- RES 4: 0.6471 High Dec 9
- RES 3: 0.6400 50-day EMA
- RES 2: 0.6341 High Dec 18
- RES 1: 0.6273/0.6302 20-day EMA / High Jan 6
- PRICE: 0.6275 @ 07:59 GMT Jan 7
- SUP 1: 0.6179 Low Dec 31
- SUP 3: 0.6158 1.236 proj of the Sep 30 - Nov 6 - 7 price swing
- SUP 3: 0.6100 Round number support
- SUP 4: 0.6045 1.500 proj of the Sep 30 - Nov 6 - 7 price swing
Despite Monday’s gains, a bearish trend condition in AUDUSD remains intact. Recent weakness maintains the price sequence of lower lows and lower highs. Note that moving average studies are in a bear-mode position too, highlighting a dominant downtrend. Scope is seen for an extension towards 0.6158 next, a Fibonacci projection. Initial firm resistance to monitor is 0.6276, the 20-day EMA. It has been pierced but for now, remains intact.
GILTS: Opening calls
Jan-07 07:58
Gilt calls, 92.00/92.04
EQUITIES: EU Cash opening calls
Jan-07 07:57
Estox 50: +0.04%, Dax: -0.08%, CAC: -0.21%, FTSE -0.29%, SMI +0.20%.
