USDCAD TECHS: Corrective Cycle Extends
Aug-01 06:57
* RES 4: 1.4111 Apr 10 * RES 3: 1.4019 38.2% retracement of the Feb 3 - Jun 16 bear leg * RES 2: 1.3...
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GILTS: Opening Calls
Jul-02 06:57
- Gilt calls, 93.43/93.53 range.
Tnotes is sold in 7k, potentially some small downside risk on those UK Calls, Bund is so far unmoved.
AUDUSD TECHS: Northbound
Jul-02 06:54
- RES 4: 0.6700 76.4% retracement of the Sep 30 ‘24 - Apr 9 bear leg
- RES 3: 0.6688 High Nov 7 ‘24
- RES 2: 0.6603 High Nov 11 ‘24
- RES 1: 0.6590 High Jul 01
- PRICE: 0.6571 @ 07:53 BST Jul 02
- SUP 1: 0.6508 20-day EMA
- SUP 2: 0.6459/6373 50-day EMA / Low Jun 23 and a reversal trigger
- SUP 3: 0.6357 Low May 12
- SUP 4: 0.6275 Low Apr 14
The medium-term trend set-up in AUDUSD is unchanged, it remains bullish and this week’s gains strengthen current conditions. The break higher marks a resumption of the uptrend and maintains the bullish price sequence of higher highs and higher lows. Sights are on 0.6603 next, the Nov 11 2024 high. Key short-term support has been defined at 0.6373, the Jun 23 low. A pullback would be considered corrective.
EQUITIES: EU Cash Opening Calls
Jul-02 06:53
Estox 50: +0.65%, Dax: +0.50%, CAC: +0.50%, FTSE +0.43%, SMI +0.32%.
