USDJPY traded sharply lower Monday as the pair extended the pullback from 151.91, the Nov 13 high. Support at the 50-day EMA, at 149.19, has been cleared. The clear break of this EMA strengthens a short-term bearish theme and signals scope for a deeper correction, towards 147.43, the Oct 3 low. The primary trend direction remains up. A resumption of gains would refocus attention on 151.95, the Oct 21 2022 high.
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The Aussie 10yr futures broader trend direction is down, with prices returning lower still into the Thursday close. Key support and the bear trigger at 95.660/95.670, the Aug 17 low/Jun 17 2022 low has been breached, confirming the resumption of the medium-term downtrend. The focus is on 95.102, the 3.0% Lower Bollinger Band. Initial key resistance has been defined at 96.050, the Sep 4 high.
The USDCAD trend outlook is unchanged and remains bullish. The pair remains above the 20- and 50-day EMAs. The 50-day average intersects at 1.3559 and marks a key short-term support. A clear break of this average would signal scope for a deeper correction. Sights are on 1.3786, the Oct 5 high. Clearance of this level would confirm a resumption of the uptrend and open 1.3862, the Mar 10 high.