US: White House Press Conference Beginning Shortly
White House Press Secretary Karine Jean-Pierre and COVID Response Coordinator Dr. Ashish Jha are shortly due to give a press conference.
- Livestream: https://www.youtube.com/watch?v=16Bw2sEwWNc&featur...
- Dr Jha will provide an update on the health of President Biden and may give further information about steps the administration is taking to deal with the increasing risk presented by Monkeypox.
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MNI: Test, Please Ignore
Test Please Ignore
AUSSIE 10-YEAR TECHS: (U2) More Stable But Still Fragile
- RES 3: 97.455 - High Mar 18
- RES 2: 97.185 - High Apr 5
- RES 1: 96.945 - High Apr 26 and key short-term resistance
- PRICE: 96.220 @ 15:36 BST Jun 24
- SUP 1: 95.663 - Low Jun 16
- SUP 2: 95.470 - 3.0% Lower Bollinger Band
- SUP 3: 95.651 - 0.5% 10-dma envelope
Aussie 10yr futures have strengthened, but remain weak over the medium-term, having extended the downtick alongside the global wave of bond weakness. This shifts first support lower, with markets eyeing vol band support at both 95.470 and 95.651. Moving average studies continue to highlight a bearish backdrop and recent weakness has maintained a bearish price sequence of lower lows and lower highs - the definition of a downtrend. Key short-term resistance remains at 96.945, the Apr 26 high.
USDCAD TECHS: Trend Structure Remains Bullish
- RES 4: 1.3338 38.2% of the 2020 - 2021 bear leg
- RES 3: 1.3192 1.00 proj of the Apr 5 - May 12 - Jun 8 price swing
- RES 2: 1.3113 High Nov 23 2020
- RES 1: 1.3079 High May 17 and a bull trigger
- PRICE: 1.2911 @ 15:52 BST Jun 24
- SUP 1: 1.2906 Low Jun 21
- SUP 2: 1.2861/53 Low Jun 16 / 20-day EMA
- SUP 3: 1.2791 50-day EMA
- SUP 4: 1.2681 Low Jun 10
The USDCAD outlook is bullish and price continues to trade closer to its recent highs. The pair cleared 1.3000 on Jun 17 and the rally also resulted in a print above key resistance at 1.3077, the May 16 high and a bull trigger. A clear breach of 1.3077 would confirm a resumption of the uptrend and signal scope for strength towards 1.3113, the Nov 23 2020 high. Initial firm support is at 1.2853, the 20-day EMA.
