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Historical bullets

AUDUSD TECHS: Pullback Still Appears Corrective

Apr-01 07:00
  • RES 4: 0.6429 High Dec 12 ‘24
  • RES 3: 0.6414 38.2% retracement of the Sep 30 ‘24 - Feb 3 bear leg              
  • RES 2: 0.6409 High Feb 21 and a bull trigger 
  • RES 1: 0.6331/91 High Mar 26 / High Mar 17 and 18 
  • PRICE: 0.6256 @ 07:59 BST Apr 1 
  • SUP 1: 0.6219 Low Mar 31
  • SUP 2: 0.6187 Low Feb 4
  • SUP 3: 0.6171/6088 Low Feb 4 / 3 and a key support
  • SUP 4: 0.6045 1.500 proj of the Sep 30 - Nov 6 - 7 price swing

AUDUSD traded sharply lower Monday, defying the short-term bull theme. However, for now intraday weakness is deemed corrective, with prices still clear of Feb 4 support at 0.6187. A clear break of this level is required to reinstate a bear threat. On the upside, a stronger recovery would refocus attention on 0.6409, the Feb 21 high. Clearance of this hurdle would strengthen the bull cycle and resume the uptrend that started Feb 3.

GILTS: Opening calls

Apr-01 06:57

Gilt calls, 91.87/91.98.

EQUITIES: EU Cash opening calls

Apr-01 06:56

Estox 50: +0.70%, Dax: +0.65%, CAC: +0.42%, FTSE +0.65%.