USDCAD TECHS: Pierced Support
* RES 4: 1.4700 Round number resistance * RES 3: 1.4641 76.4% retracement of the Feb 3 - 14 bear leg...
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AUDUSD TECHS: Sights Are On The 100-DMA
- RES 4: 0.6471 High Dec 9 ‘24
- RES 3: 0.6429 High Dec 12 ‘24
- RES 2: 0.6414 38.2% retracement of the Sep 30 ‘24 - Feb 3 bear leg
- RES 1: 0.6409 High Feb 21
- PRICE: 0.6338 @ 07:59 GMT Feb 25
- SUP 1: 0.6315/6231 50-day EMA / Low Feb 10
- SUP 3: 0.6171/6088 Low Feb 4 / 3
- SUP 3: 0.6045 1.500 proj of the Sep 30 - Nov 6 - 7 price swing
- SUP 4: 0.6000 Round number support
A bullish condition in AUDUSD remains intact and recent gains reinforce the current bullish set-up. Sights are on key resistance at 0.6406/14 - the 100-dma and the 38.2% retracement of the Sep 30 ‘24 - Feb 3 bear leg respectively. A clear break of both levels would set the scene for the next leg higher for the pair, making 0.6429 the next target, the Dec 12 ‘24 high. The 50-day EMA undercuts as support, crossing at 0.6315.
GILTS: Opening calls
Gilt calls, 92.57/92.87.
EQUITIES: Big focus on the EU Cash open
Big focus on the Equity Cash open, and especially Tech and Chips stocks, as Trump look to toughen chip control over China.
Equity futures on both sides of the Pond are still falling, that's close to 3% for the Emini from the February high.
- Calls: Estox 50: -0.58%, Dax: -0.55%, CAC: -0.21%, FTSE -0.25%, SMI -0.26%.
