POWER: France November Power Falls
Oct-22 07:06
France November power is declining with forecasts for milder weather from next week, limiting demand...
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GILTS: Opening Calls
Sep-22 06:56
Gilt Calls, 90.61/90.72.
EQUITIES: Cash Opening Calls
Sep-22 06:56
EU Cash Opening calls: Estox 50: +0.08%, Dax: -0.20%, CAC: +0.07%, FTSE +0.11%, SMI +0.09%.
AUDUSD TECHS: Corrective Cycle
Sep-22 06:56
- RES 4: 0.6793 1.500 proj of the Jun 23 - Jul 24 - Aug 21 price swing
- RES 3: 0.6763 1.382 proj of the Jun 23 - Jul 24 - Aug 21 price swing
- RES 2: 0.6726 1.236 proj of the Jun 23 - Jul 24 - Aug 21 price swing
- RES 1: 0.6660/6707 High Sep 18 / 17
- PRICE: 0.6593 @ 20:35 BST Sep 19
- SUP 1: 0.6581/6547 Intraday low / 50-day EMA
- SUP 2: 0.6527 61.8% retracement of the Aug 21 - Sep 17 bull leg
- SUP 3: 0.6463/6415 Low Aug 27 / Low Aug 21 / 22 and a bear trigger
- SUP 4: 0.6373 Low Jun 23
The AUDUSD uptrend remains intact and the current pullback is considered corrective - for now. The recent rally plus the breach of 0.6625, the Jul 24 high and bull trigger, confirms a resumption of the uptrend. The climb opens the 0.6726 next, a Fibonacci projection. MA studies are in a bull-mode position highlighting a dominant uptrend. Key support to watch is 0.6415, the Aug 21 / 22 low. Initial firm support to watch is 0.6547, the 50-day EMA.
