USDCAD TECHS: Bears Remain In The Driver’s Seat
May-07 07:01
* RES 4: 1.4415 High Apr 1 * RES 3: 1.4296 High Apr 7 * RES 2: 1.4055 50-day EMA * RES 1: 1.3901 20-...
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AUDUSD TECHS: Clears Key Support
Apr-07 06:58
- RES 4: 0.6409 High Dec 9 and a key resistance
- RES 3: 0.6389 High Apr 3
- RES 2: 0.6295 50-day EMA
- RES 1: 0.6077/0.6219 Intraday high / Low Mar 31
- PRICE: 0.6015 @ 07:57 BST Apr 7
- SUP 1: 0.59311.764 proj of the Sep 30 - Nov 6 - 7 price swing
- SUP 2: 0.5900 Round number support
- SUP 3: 0.5830 2.000 proj of the Sep 30 - Nov 6 - 7 price swing
- SUP 4: 0.5729 2.236 proj of the Sep 30 - Nov 6 - 7 price swing
Friday’s steep sell-off in AUDUSD cancels a recent bullish theme and instead, confirms a resumption of the downtrend that started late September last year. Today’s fresh cycle low reinforces a bear theme. A key support at 0.6088, the Feb 3 low, has been broken. This paves the way for an extension towards 0.5931 next, a Fibonacci projection. On the upside, resistance to watch is at 0.6219, the Mar 31 low.
GILTS: Opening calls
Apr-07 06:57
Gilt calls, 94.28/94.78 wide range today.
US TSY FUTURES: TU Blocked
Apr-07 06:56
Latest block trade lodged at 07:34:21 London/02:34:21 NY:
- TUM5 2.7K lots blocked at 104-12.25, looks like a seller.
- DV01 ~$104K.
