LOOK AHEAD: Eurozone Timeline of Key Events (Times GMT)

Jan-31 06:18
Date Time Country Event
31-Jan 0700 DE Import/Export Prices / Retail Sales
31-Jan 0745 FR HICP (p) / PPI
31-Jan 0855 DE Unemployment
31-Jan 0900 DE North Rhine Westphalia / Bavaria CPI
31-Jan 1300 DE HICP (p)
01-Feb 0815 ES S&P Global Manufacturing PMI (f)
01-Feb 0845 IT S&P Global Manufacturing PMI (f)
01-Feb 0850 FR S&P Global Manufacturing PMI (f)
01-Feb 0855 DE S&P Global Manufacturing PMI (f)
01-Feb 0900 EU S&P Global Manufacturing PMI (f)
01-Feb 1000 EU HICP (p) / Unemployment
01-Feb 1000 IT HICP (p)
01-Feb 1130 EU ECB's Lane remarks at EIEF
02-Feb 0745 FR Industrial Production
05-Feb 0700 DE Trade Balance
05-Feb 1000 EU PPI

Historical bullets

AUSSIE 10-YEAR TECHS: (H4) Bullish Outlook

Dec-29 23:15
  • RES 3: 96.160 - High Jul 20
  • RES 2: 96.126 - 2.0% Upper Bollinger Band
  • RES 1: 96.110 - High Dec 28
  • PRICE: 96.035 @ 15:12 GMT Dec 29
  • SUP 1: 95.390/275 - Low Nov 27 / 14
  • SUP 2: 94.966 - 1.0% 10-dma envelope
  • SUP 3: 94.965 - Low Oct 31

Aussie 10yr futures remain in an uptrend and the contract traded to new highs of 96.110 this week. This takes out key resistance at the 96.050 level, opening levels seen higher at the 2.0% upper Bollinger Band of 96.126. The recent recovery has tipped prices north of the 100-dma - reinforcing the current bullish theme. Key support lies below at 95.390 as well as 95.275. Weakness through here could mark the conclusion of the bounce off the bear trigger at 94.965.

USDCAD TECHS: Bears Remain In The Driver’s Seat

Dec-29 21:00
  • RES 4: 1.3513 50-day EMA
  • RES 3: 1.3391 20-day EMA
  • RES 2: 1.3371 High Dec 20 / 21
  • RES 1: 1.3295 High Dec 25
  • PRICE: 1.3200 @ 15:25 GMT Dec 29
  • SUP 1: 1.3177 Low Dec 27
  • SUP 2: 1.3093 Low Jul 14 and key support
  • SUP 3: 1.3044 2.0% 10-dma envelope
  • SUP 4: 1.2992 50.0% retracement of the 2021 - 2022 bull phase

The USDCAD trend outlook remains bearish and price traded lower on Wednesday. The pair has recently cleared a bear trigger at 1.3480, the Dec 4 low. Furthermore, all key short-term retracement points have been breached. These developments reinforce a bearish theme and maintain the price sequence of lower lows. Sights are on 1.3093, the Jul 14 low and a key support. Resistance to watch is 1.3391, the 20-day EMA.

AUDUSD TECHS: Approaching Key Resistance

Dec-29 20:30
  • RES 4: 0.6961 1.236 proj of the Nov 10 - Dec 4 - Dec 7 price swing
  • RES 3: 0.6921 High Feb 20
  • RES 2: 0.6900 High Jun 16 and a key resistance
  • RES 1: 0.6871 High Dec 28
  • PRICE: 0.6821 @ 15:24 GMT Dec 29
  • SUP 1: 0.6773 Low Dec 22
  • SUP 2: 0.6714 20-day EMA
  • SUP 3: 0.6605 50-day EMA
  • SUP 4: 0.6526 Low Dec 7 and key support

Bullish trend conditions in AUDUSD remain intact and this week’s continuation higher reinforces current conditions. The climb maintains the bullish price sequence of higher highs and higher lows. Sights are on 0.6900, the Jun 16 high and the next key key resistance. On the downside, key short-term support is unchanged at 0.6526, the Dec 7 low. Initial firm support is at 0.6714, the 20-day EMA. Short-term weakness is considered corrective.