AUD/USD: Inside day to start the week. An inside day to start the week for the pair with the 21 day moving average capping the days rally. The AUD/USD remains heavy with back above the Aug 14 highs needed to see focus swing back to retests of Aug monthly highs. For now initial focus remains on tests of the 200 and then 100 day moving averages with the 100 week MA noted at $1.0287.
RES 4: $1.0635 – High March 19
RES 3: $1.0578 – High Aug 10
RES 2: $1.0542 – High Aug 14
RES 1: $1.0472 – 21 day moving average
LATEST PRICE: 1.0447
SUP 1: $1.0382 – Hourly support July 26
SUP 2: $1.0293 – 200 day moving average
SUP 3: $1.0200 – 100 day moving average
SUP 4: $1.0180 – Low July 25
NZD/USD: Quiet start to the week, focus on lower levels. A relatively lacklustre start to the week for the Kiwi with the pair continuing to flirt with the 21 day moving average ($0.8073). For the time being the focus remains on lower levels with a retest of July monthly lows remaining targeted until a close back above the $0.8166 Aug 8 highs is seen.
RES 4: $0.8317 – High April 13
RES 3: $0.8235 – High April 30
RES 2: $0.8166 – High Aug 8
RES 1: $0.8123 – High Aug 17
LATEST PRICE: 0.8087
SUP 1: $0.8038 – Low Aug 15
SUP 2: $0.7992 – Low July 27
SUP 3: $0.7975 – 200 day moving average
SUP 4: $0.7948 – 100 day moving average
AUD/JPY: Inside day to start the week. A relatively subdued start to the week with an inside day for AUD/JPY as the pair remains capped at the Jpy83.50 level. The 21 day MA continues to rise with a close below needed to hint at a shift lower in focus back to the July monthly lows. Above the Jpy83.50 level is needed to keep topside hopes alive and focus on the Jpy84.50-80 region.
RES 4: Jpy86.81 – High April 2
RES 3: Jpy84.81 – High April 23
RES 2: Jpy84.53 – High April 27
RES 1: Jpy83.50 – High Aug 16
LATEST PRICE: 82.93
SUP 1: Jpy82.25 – 21 day moving average
SUP 2: Jpy81.57 – Low Aug 1
SUP 3: Jpy81.55 – 200 day moving average
SUP 4: Jpy81.28 – Hourly support July 27
USD/KRW: Aug 3 highs capping correction so far. The Aug 3 highs continue to cap the correction off the Krw1125 level but the pair needs to close above the 200 day MA to see downside pressure relieved and focus shift back to retests of the Krw1158-1165 region. Stops remain below the Aug 9 lows and the 100 week moving average with a break below targeting 2012 lows.
RES 4: Krw1158.1 – High July 12
RES 3: Krw1150.0 – Ichimoku cloud base
RES 2: Krw1142.0 – 200 day moving average
RES 1: Krw1137.7 – High Aug 3
LATEST PRICE: 1135.7
SUP 1: Krw1124.8 – Low Aug 9
SUP 2: Krw1121.9 – 100 week moving average
SUP 3: Krw1112.8 – 2012 Low Mar 2
SUP 4: Krw1092.5 – Low Sept 14
USD/SGD: A slow grind higher. The sequence of higher highs and lows continues as the pair gently makes its way towards the initial topside target at the 100 day ma and then the 200 day MA above that. The 21 day MA is seen as the support to watch with a close below needed to hint at a shift lower in focus. Daily tech studies are finally back at neutral levels and not really an issue at the moment.
RES 4: Sgd1.2748 – High July 6
RES 3: Sgd1.2680 – 200 day moving average
RES 2: Sgd1.2644 – High July 25
RES 1: Sgd1.2611 – 100 day moving average
LATEST PRICE: 1.2529
SUP 1: Sgd1.2487 – 21 day moving average
SUP 2: Sgd1.2435 – Low Aug 13
SUP 3: Sgd1.2400 – Low Aug 6
SUP 4: Sgd1.2349 – 2012 Low April 30
EasyForexNews Research Team