AUDUSD TECHS: Fresh Cycle High
Jun-06 07:03
* RES 4: 0.6603 High Nov 11 '24 * RES 3: 0.6582 High Nov 12 '24 * RES 2: 0.6550 61.8% retracement of...
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USDCAD TECHS: Bears Remain In The Driver’s Seat
May-07 07:01
- RES 4: 1.4415 High Apr 1
- RES 3: 1.4296 High Apr 7
- RES 2: 1.4055 50-day EMA
- RES 1: 1.3901 20-day EMA
- PRICE: 1.3788 @ 07:59 BST May 7
- SUP 1: 1.3751 Low May 6
- SUP 2: 1.3744 76.4% retracement of Sep 25 ‘24 - Feb 3 bull run
- SUP 3: 1.3696 Low Oct 10 2024
- SUP 4: 1.3643 Low Oct 9 ‘24
Bearish conditions in USDCAD remain intact and the pair is trading at its recent lows. A fresh cycle low last Friday reinforces the bearish theme signalling scope for a continuation, near-term. Potential is seen for a move towards 1.3744, a Fibonacci retracement. Note that Moving average studies are in a bear mode position, highlighting a dominant downtrend. On the upside, first resistance to watch is 1.3901, the 20-day EMA.
GILTS: Opening calls
May-07 06:57
Gilt Calls, 92.89/93.06 range.
EQUITIES: EU Cash Opening calls
May-07 06:56
Estox 50: +0.10%, Dax: +0.38%, CAC: -0.13%, FTSE +0.03%, SMI -0.67%.
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Jun-06 21:23
Jun-06 19:23
