US: "*TRUMP ON IRAN STRIKES BEFORE MIDTERMS: DON'T WANT TO SAY

• RES 4: 1.4175 High Jul 13
• RES 3: 1.4129 High Jul 28  
• RES 2: 1.4080 High Aug 4 and 5 
• RES 1: 1.3905/1.3958 20- and 50-day EMA values  
• PRICE: 1.3887 @ 15:49 BST Aug 28
• SUP 1: 1.3732 Low Aug 21
• SUP 2: 1.3715 76.4% retracement of the May 1 - Jun 24 bull cycle
• SUP 3: 1.3672 Low May 12
• SUP 4: 1.3620 Low May 7

A bear theme in USDCAD remains intact and recent short-term gains are - for now - considered corrective. Recent fresh cycle lows confirmed an extension of the bear leg and this reinforces current conditions. Key resistance to monitor is 1.3958, the 50-day EMA. Scope is seen for a deeper retracement of the May 1 - Jun 24 bull leg. 1.3817, 61.8% of the May 1 - Jun 24 downleg, has been breached. This opens the 76.4% level at 1.3715.   

• RES 4: 109-07   61.8% retracement of the Jun 30 - Jul 31 bear leg
• RES 3: 108-30   50.0% retracement of the Jun 30 - Jul 31 bear leg 
• RES 2: 108-27+ High Aug 13
• RES 1: 108-21+ 50-day EMA
• PRICE:‌‌ 108-06+ @ 16:02 BST Aug 28
• SUP 1: 107-31   Low Aug 21  
• SUP 2: 107-22+ Low Jul 31 and the bear trigger
• SUP 3: 107-16   1.000 proj of Jun 30 - Jul 14 - 17 price swing
• SUP 4: 107-02+ 1.236 proj of Jun 30 - Jul 14 - 17 price swing

Treasuries remain inside a range. Resistance to watch is at the 50-day EMA, currently at 108-21+. A clear break of this average would highlight a stronger short-term bull cycle. For now, the trend structure remains bearish and gains are considered corrective. Key support and bear trigger lies at 107-22+, the Jul 31 low. Clearance of this level would confirm a resumption of the bear cycle.     

• RES 4: 0.7310 1.00 proj of the Mar 30 - May 6 - Jun 30 price swing
• RES 3: 0.7278 High May 6 and key resistance
• RES 2: 0.7223 High May 15
• RES 1: 0.7208 High Aug 28
• PRICE: 0.7173 @ 15:48 BST Aug 28
• SUP 1: 0.7101 20-day EMA 
• SUP 2: 0.7059/0.6922 50-day EMA / Low Jul 29  
• SUP 3: 0.6907 Low Jul 8 
• SUP 4: 0.6865 Low Jun 30 and the bear trigger 

A bull cycle in AUDUSD remains intact and a fresh cycle high this week reinforces current trend conditions. The pair has breached 0.7181, the 76.4% retracement of the May 6 - Jun 30 bear leg. The move higher strengthens the current bull theme and maintains the rising price sequence of higher highs and higher lows. Sights are on 0.7223 next, the May 15 high. Key support to watch is the 50-day EMA at 0.7059.