CZECHIA: S&P Rating Review After Hours, Financial Stability Minutes Released

• RES 4: 1.4111 High Apr 10 
• RES 3: 1.4019 38.2% retracement of the Feb 3 - Jun 16 bear leg
• RES 2: 1.3968 High May 20
• RES 1: 1.3925 High Aug 22
• PRICE: 1.3841 @ 08:03 BST Aug 27
• SUP 1: 1.3807 20-day EMA
• SUP 2: 1.3777/22 50-day EMA / Low Aug 7
• SUP 3: 1.3576 Low Jul 23
• SUP 4: 1.3557/40 Low Jul 3 / Low Jun 16 and the bear trigger 

A bull cycle in USDCAD that started mid-June remains in play. The recent breach of resistance at 1.3879, the Aug 1 high, continues to highlight a bullish phase. Moving average studies have recently crossed and are in a bull-mode position, strengthening the current uptrend. An extension higher would signal scope for 1.4019, a Fibonacci retracement. Support to watch lies at 1.3775, the 50-day EMA. A break of the EMA would signal a reversal.

• Gilt Dec (G Z5) call, 90.42/90.45 range.

These can be a little distorted because of the spread, Yesterday it settled at 4.

• RES 4: 0.6688 High Nov 7 ‘24
• RES 3: 0.6677 0.764 proj of the Jun 23 - Jul 11 - 17 price swing
• RES 2: 0.6569/6625 High Aug 14 / 24 and the bull trigger 
• RES 1: 0.6524 High Aug 18 
• PRICE: 0.6485 @ 07:56 BST Aug 27
• SUP 1: 0.6415 Low Aug 21 / 22
• SUP 2: 0.6373 Low Jun 23 
• SUP 3: 0.6354 38.2% retracement of the Apr 9 - Jul 24 upleg  
• SUP 4: 0.6323 Low Apr 16

AUDUSD is holding on to its latest gains following the recovery from last week’s low. The rally signals the end of the recent corrective phase. A continuation higher would signal scope for a climb towards 0.6569, the Aug 14 high. Key resistance and the bull trigger is at 0.6625, the Aug 24 high. On the downside, support to watch lies at 0.6415, the Aug 21 / 22 low. A clear break of it would resume the bear leg.