US TSYS: Sentiment Improved After Rehashed Iran War Headlines

• RES 4: 1.3929 High Jan 16 and a reversal trigger     
• RES 3: 1.3845 High Jan 22
• RES 2: 1.3800 High Jan 23  
• RES 1: 1.3722/25 50-day EMA / High Feb 6 / 24 and a key resistance
• PRICE: 1.3633 @ 18:27 GMT Feb 27
• SUP 1: 1.3594/3482 Low Feb 13 / Low Jan 30 and the bear trigger  
• SUP 2: 1.3420 Low Sep 25 ‘24
• SUP 3: 1.3400 50.0% retracement of the 2021 - 2025 uptrend 

Key short-term resistance to watch in USDCAD remains 1.3725, the Feb 6 and 24 high. A clear breach of this hurdle would highlight a potential reversal and suggest scope for a stronger short-term bull phase. For now, the medium-term trend structure remains bearish - moving average studies continue to highlight a dominant downtrend. A reversal lower would refocus attention on key support and the bear trigger at 1.3482, the Jan 30 low. 

• RES 4: 0.7208 61.8% of the Feb 25 ‘21 - Apr 9 ‘25 bear leg   
• RES 3: 0.7186 2.236 proj of the Nov 21 - Dec 10 - 18 price swing
• RES 2: 0.7158 High Feb 2 2023
• RES 1: 0.7147 High Feb 12
• PRICE: 0.7115 @ 18:06 GMT Feb 27
• SUP 1: 0.7035 20-day EMA 
• SUP 2: 0.6897 Low Feb 6 and key short-term support 
• SUP 3: 0.6881 50-day EMA
• SUP 4: 0.6834 Low Jan 23

The AUDUSD trend structure is bullish - recent fresh cycle highs reinforce the bull theme and confirm a resumption of the uptrend. Note that moving average studies are in a bull-mode position and this set-up continues to highlight a dominant medium-term uptrend. Potential is seen for a climb towards 0.7186 next, a Fibonacci projection. On the downside, initial key support is unchanged at 0.6897, the Feb 6 low.

• RES 4: 186.87 High Jan 23 and a key M/T resistance  
• RES 3: 186.36 High Feb 9
• RES 2: 185.05 76.4% retracement of the Feb 9 - 12 bear leg
• RES 1: 184.77 High Feb 25
• PRICE: 184.38 @ 18:03 GMT Feb 27
• SUP 1: 183.29/182.27 20-day EMA / Bull channel from Feb 28 ‘25 low 
• SUP 2: 180.81/10 Low Feb 12 / Low Dec 5 ‘25 
• SUP 3: 179.30 23.6% of the Feb 28 ‘25 - Jan 23 bull cycle  
• SUP 4: 178.82 High Oct 30 ‘25  

Key support in EURJPY at 182.27, the base of a bull channel drawn from the Feb 28 ‘25 low, remains intact for now. A clear break of this channel base is required to signal a stronger reversal and suggest scope for a deeper retracement. The cross has traded through the 20-day EMA. The clear break of it highlights a potential short-term reversal and the start of a fresh bull cycle inside the channel. Sights are on 185.05, a Fibonacci retracement.