OPTIONS: Larger FX Option Pipeline

Mar-13 12:47
  • EUR/USD: Mar14 $1.0740-50(E1.0bln); Mar15 $1.0500(E1.7bln), $1.0696-00(E1.3bln), $1.0730-50(E2.7bln), $1.0830-50(E1.7bln); Mar16 $1.0628-40(E1.2bln), $1.0700-15(E1.4bln)
  • USD/JPY: Mar15 Y126.00($2.5bln), Y133.00($1.2bln)
  • GBP/USD: Mar15 $1.1895-00(Gbp1.0bln)
  • USD/CNY: Mar15 Cny6.9500($1.9bln)

Historical bullets

USDCAD TECHS: Recent Gains Considered Corrective

Feb-10 21:00
  • RES 4: 1.3751 High Nov 4
  • RES 3: 1.3705 Dec 16 and the bull trigger
  • RES 2: 1.3665 High Jan 6
  • RES 1: 1.3475/3521 High Feb 6 / 19 and key short-term resistance
  • PRICE: 1.3368 @ 17:04 GMT Feb 10
  • SUP 1: 1.3345/3262 Low Feb 10 / 2
  • SUP 2: 1.3226 Low Nov 15 and bear trigger
  • SUP 3: 1.3205 61.8% retracement of the Aug 11 - Oct 13 rally
  • SUP 4: 1.3131 0.764 proj of the Oct 13 - Nov 15 - Dec 16 price swing

USDCAD is consolidating and price remains above its recent low of 1.3262 on Feb 2. A bearish threat remains present and recent short-term gains are most likely a correction. A resumption of weakness and a break of 1.3262, Feb 2 low, would strengthen bearish conditions and open 1.3226, the Nov 15 low and the bear trigger. On the upside, the pair needs to clear 1.3521, the Jan 19 high, to signal a stronger reversal.

AUDUSD TECHS: Trend Needle Points North Despite Recent Pullback

Feb-10 20:30
  • RES 4: 0.7245 2.00 proj of the Nov 21 - Dec 13 - Dec 20 price swing
  • RES 3: 0.7202 High Jun 9
  • RES 2: 0.7172 1.764 proj of the Nov 21 - Dec 13 - Dec 20 price swing
  • RES 1: 0.7082/0.7158 High Feb 3 / 2 and the bull trigger
  • PRICE: 0.6919 @ 16:59 GMT Feb 10
  • SUP 1: 0.6856 Low Feb 6
  • SUP 2: 0.6781 38.2% retracement of the Oct 13 - Feb 2 uptrend
  • SUP 3: 0.6755 Trendline support drawn from the Oct 13 low
  • SUP 4: 0.6688 Low Jan 3

AUDUSD is unchanged Friday. The uptrend remains intact, however, the recent move lower highlights a correction that is allowing a recent overbought trend condition to unwind. Price has pierced support at 0.6883, the 50-day EMA. A clear break of this EMA would signal scope for a deeper retracement. Key resistance and the bull trigger have been defined at 0.7158, the Feb 2 high. A break would resume the uptrend.

AUDUSD TECHS: Trend Needle Points North Despite Recent Pullback

Feb-10 20:30
  • RES 4: 0.7245 2.00 proj of the Nov 21 - Dec 13 - Dec 20 price swing
  • RES 3: 0.7202 High Jun 9
  • RES 2: 0.7172 1.764 proj of the Nov 21 - Dec 13 - Dec 20 price swing
  • RES 1: 0.7082/0.7158 High Feb 3 / 2 and the bull trigger
  • PRICE: 0.6919 @ 16:59 GMT Feb 10
  • SUP 1: 0.6856 Low Feb 6
  • SUP 2: 0.6781 38.2% retracement of the Oct 13 - Feb 2 uptrend
  • SUP 3: 0.6755 Trendline support drawn from the Oct 13 low
  • SUP 4: 0.6688 Low Jan 3

AUDUSD is unchanged Friday. The uptrend remains intact, however, the recent move lower highlights a correction that is allowing a recent overbought trend condition to unwind. Price has pierced support at 0.6883, the 50-day EMA. A clear break of this EMA would signal scope for a deeper retracement. Key resistance and the bull trigger have been defined at 0.7158, the Feb 2 high. A break would resume the uptrend.