SNB: Schlegel Sees Lower Swiss Growth In AGM; Otherwise Common Themes

• 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: 0.6391 High Mar 17 / 18 
• PRICE: 0.6321 @ 07:57 GMT Mar 26
• SUP 1: 0.6258 Low Mar 21
• 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 has recovered from its latest low. A short-term bull theme is intact and the latest move down appears corrective. Key short-term support to watch is 0.6187, the Mar 4 low. Clearance of this level would reinstate a bear threat. First support is at 0.6258, the Mar 21 low. A stronger recovery would refocus attention on 0.6409, the Feb 21 high. Clearance of this hurdle would strengthen a bull cycle and resume the uptrend that started Feb 3.

EU Cash opening calls, so far the Estoxx futures (VGM5) hasn't quite managed to break Yesterday's high, nonetheless we are set for good open.

• Calls: Estox 50: +0.75%, Dax: +0.90%, CAC: +0.42%, FTSE +0.57%, SMI +0.65%.

ERM5 98.0625/98.12cs, bought for half in 3k.