ASIA: Coming up in the Asia-Pac session on Thursday

Aug-14 21:00
2010GMT 0510HKT 0710AEDT RBNZ Governor at Parliament Select Committee
2145GMT 0645HKT 0845AEDT New Zealand July Food Prices
2145GMT 0645HKT 0845AEDT New Zealand July Card Spending Total
2250GMT 0750HKT 0950AEDT Japan 2Q GDP
0000GMT 0900HKT 1100AEDT Australia Aug Consumer Inflation Expectation
0010GMT 0910HKT 1110AEDT Japan Rinban Operations
0020GMT 0920HKT 1120AEDT China Aug 1yr MLF Rate
0030GMT 0930HKT 1130AEDT China July Home Prices
0030GMT 0930HKT 1130AEDT Australia July Employment Data
0100GMT 1000HKT 1200AEDT China July Industrial Production
0100GMT 1000HKT 1200AEDT China July Retail Sales
0100GMT 1000HKT 1200AEDT China July Fixed Assets Ex Rural
0330GMT 1230HKT 1430AEDT Japan Jun Industrial Production

Historical bullets

MNI: DALY SEES POLICY ADJUSTMENT COMING; REMAINS UNCLEAR ON TIMING

Jul-15 20:56



  • DALY SEES POLICY ADJUSTMENT COMING; REMAINS UNCLEAR ON TIMING
  • DALY SAYS FED'S MANDATE GOALS ARE COMING INTO BETTER BALANCE

USDCAD TECHS: Resistance Remains Intact For Now

Jul-15 20:19
  • RES 4: 1.3899 High Nov 1 and a key resistance
  • RES 3: 1.3846/55 High Apr 16 and the bull trigger / High Nov 10 2023
  • RES 2: 1.3755/3792 High Jul 2 / High Jun 11
  • RES 1: 1.3689 High Jul 15
  • PRICE: 1.3677 @ 21:18 BST Jul 15
  • SUP 1: 1.3590/89 Low May 16 and a key support / Intraday low
  • SUP 2: 1.3547 Low Apr 9
  • SUP 3: 1.3512 50.0% retracement of the Dec 27 - Apr 16 bull cycle
  • SUP 4: 1.3478 Low Apr 4

USDCAD has recovered from last week’s low. However, a short-term bear threat remains present. The recent break of the 50-day EMA - currently at 1.3666, reinforces a bearish condition and exposes 1.3590, the May 16 low and a key support. It has been pierced, a clear breach of it would highlight an important technical break. Initial firm resistance to watch is 1.3755, the Jul 2 high. Clearance of this level would be bullish.

AUDUSD TECHS: Holding On To Its Recent Gains

Jul-15 20:12
  • RES 4: 0.6895 High Jul 13 / 14 2023
  • RES 3: 0.6871 High Dec 28 and a key resistance
  • RES 2: 0.6839 High Jan 02
  • RES 1: 0.6799 High Jul 11
  • PRICE: 0.6760 @ 21:11 BST Jul 15
  • SUP 1: 0.6703 20-day EMA
  • SUP 2: 0.6657 50-day EMA
  • SUP 3: 0.6576 Low Jun 10 and a key support
  • SUP 4: 0.6558 Low May 8

AUDUSD bullish conditions remain intact and the pair is holding on to its recent gains. The move higher last week marks an extension of the recent breach of resistance at 0.6714, the May 16 high. The clearance of 0.6714, confirmed a resumption of the bull leg that started Apr 19. Sights are on 0.6839 next, the Jan 2 high. Key short-term support has been defined at 0.6576, the Jun 10 low. Initial firm support is at 0.6703, the 20-day EMA.