AUD/USD: 21 DMA Continues to cap recovery. The 21 DMA continues to cap the recovery from monthly lows with further resistance noted in the $1.0400-44 region. Above this region maintains focus on retests of the $1.0540-1.0640 region, while back below the Sept 7 low would see focus shift back to the $1.0165 support. Daily tech studies continue to correct from o/s and support the recovery.
RES 4: $1.0582 – 21 day upper Bollinger band
RES 3: $1.0544 – High Aug 23
RES 2: $1.0444 – High Aug 24
RES 1: $1.0387 – 21 day moving average
LATEST PRICE: 1.0352
SUP 1: $1.0276 – Low Sept 7
SUP 2: $1.0165 – Low Sept 5
SUP 3: $1.0101 – 50% retracement of $0.9584-1.0614 move
SUP 4: $1.0078 – Ichimoku Cloud base
NZD/USD: Fresh 3 week highs, focus remains higher. Fresh 3 week highs for the Kiwi as consolidation of Friday’s move unfolds. The 21 DMA is seen as initial support with back below relieving topside pressure while below the 200 DMA is needed to shift focus back to the 100 DMA and then July monthly lows. For now focus remains on retests of the Aug monthly highs.
RES 4: $0.8317 – Monthly high Apr 13
RES 3: $0.8235 – High April 30
RES 2: $0.8221 – Monthly high Aug 7
RES 1: $0.8176 – 21 day upper Bollinger band
LATEST PRICE: 0.8101
SUP 1: $0.8059 – 21 day moving average
SUP 2: $0.8008 – 200 day moving average
SUP 3: $0.7963 – Hourly support Sept 6
SUP 4: $0.7917 – Low Sept 5
AUD/JPY: Chopping around Ichimoku Cloud Top. The pair continues to chop around the Ichimoku Cloud top and between the 100 and 200 DMA’s. While the 200 DMA caps focus remains on retests of the Sept monthly lows. Above the 200 DMA would see focus shift higher to retests of the Aug monthly highs with the falling 21 day upper Bollinger band noted just above.
RES 4: Jpy83.79 – 21 day upper Bollinger band
RES 3: Jpy83.56 – Monthly high Aug 21
RES 2: Jpy82.12 – High Aug 24
RES 1: Jpy81.84 – 200 day moving average
LATEST PRICE: 81.02
SUP 1: Jpy80.80 – 100 day moving average
SUP 2: Jpy80.60 – Hourly breakout level
SUP 3: Jpy79.56 – Monthly low July 25
SUP 4: Jpy79.33 – Low June 25
USD/KRW: Drift towards key support continues. USD/KRW continues to drift towards the key Krw1124.8 support with a break lower and a retest of the 2012 lows remaining favoured. Below 2012 lows would see focus ratchet lower with sub 1100 levels then targeted. The 200 DMA remains the pivot point topside above a close above is needed to see focus turn to retests of the July monthly highs.
RES 4: Krw1165.1 – High June 28
RES 3: Krw1158.1 – High July 12
RES 2: Krw1141.3 – 200 day moving average
RES 1: Krw1137.4 – 21 day upper Bollinger band
LATEST PRICE: 1129.5
SUP 1: Krw1124.8 – Low Aug 9
SUP 2: Krw1122.2 – 100 week moving average
SUP 3: Krw1112.8 – 2012 Low Mar 2
SUP 4: Krw1092.5 – Low Sept 14
USD/SGD: Fresh 2012 lows. USD/SGD continues to trade below the 21 day lower Bollinger band (Sgd1.2381) which could see the pair pause at some stage to allow the Bolli to catch up. Sub Sgd1.2100 levels are now targeted overall with a close above Sept 7 highs needed to relieve downside pressure and above the falling daily off June highs coming in at Sgd1.2498 needed to shift focus.
RES 4: Sgd1.2498 – Falling daily trend line from June 1 high
RES 3: Sgd1.2481 – 21 day moving average
RES 2: Sgd1.2436 – High Sept 7
RES 1: Sgd1.2371 – High Sept 10
LATEST PRICE: 1.2355
SUP 1: Sgd1.2338 – 2012 Low Sept 10
SUP 2: Sgd1.2324 – Low Sept 13 2011
SUP 3: Sgd1.2283 – Low Sept 12 2011
SUP 4: Sgd1.2133 – Low Sept 9 2011
EasyForexNews Research Team