BTP TECHS: (Z5) Pullback Appears Corrective

Nov-05 07:11

* RES 4: 123.14 1.764 proj of the Sep 3 - 11 - 25 price swing * RES 3: 122.81 1.618 proj of the Sep ...

Historical bullets

AUDUSD TECHS: Bullish Outlook

Oct-06 07:06
  • RES 4: 0.6763 1.382 proj of the Jun 23 - Jul 24 - Aug 21 price swing
  • RES 3: 0.6726 1.236 proj of the Jun 23 - Jul 24 - Aug 21 price swing
  • RES 2: 0.6660/6707 High Sep 18 / 17 and key resistance
  • RES 1: 0.6629 High Sep 30 & Oct 01
  • PRICE: 0.6614 @ 08:05 BST Oct 6
  • SUP 1: 0.6527/21 61.8% of the Aug 21 - Sep 17 bull leg / Low Sep 26 
  • SUP 2: 0.6484 76.4% retracement of the Aug 21 - Sep 17 bull leg
  • SUP 3: 0.6463/6415 Low Aug 27 / Low Aug 21 / 22 and a bear trigger 
  • SUP 4: 0.6373 Low Jun 23

The AUDUSD uptrend remains intact and the pair is trading closer to its recent highs. Support to watch lies at the 50-day EMA, at 0.6560. A clear break of this average would signal scope for a deeper retracement and expose 0.6527 once again, a Fibonacci retracement. For bulls, a stronger reversal higher would refocus attention on 0.6707, the Sep 17 high. Initial resistance to watch is 0.6629, the Sep 30 and Oct 1 high.

MNI: SWISS SEP UNEMPLOYMENT +0.9% M/M, +17.7% Y/Y

Oct-06 07:00
  • MNI: SWISS SEP UNEMPLOYMENT +0.9% M/M, +17.7% Y/Y
  • SWISS SEP UNEMPLOYMENT RATE 3.0%

GILTS: Opening Calls

Oct-06 06:58

Gilt Calls, 90.74/90.80.