AUD/USD: 200-DMA remains key support. The pair managed to briefly pop above the Sept 25 highs before heading back towards the key support noted at the 200-DMA. A close above the Sept 25 highs was needed to shift focus higher and we now look to a close above Friday’s highs to shift focus back to retests of Sept monthly highs at $1.0624. For now the 200-DMA remains the focus.
RES 4: $1.0624 – High Sept 18
RES 3: $1.0587 – 21 day upper Bollinger band
RES 2: $1.0518 – High Sept 21
RES 1: $1.0472 – High Sept 28
LATEST PRICE: 1.0382
SUP 1: $1.0344 – 200 day moving average
SUP 2: $1.0276 – Low Sept 7
SUP 3: $1.0228 – 38.2% retracement of $0.9584-$1.0624 move
SUP 4: $1.0203 – 21 day lower Bollinger band
NZD/USD: Broad Range Trading Favoured This Week. Fresh monthly highs to end the week for the Kiwi but failure to close above the previous highs at $0.8353 hints at further $0.8186-0.8356 broad range trading for this week. A close above the Sept 28 high is now needed to see focus turn to retests of the 2012 highs with the rising daily channel top off mid June highs also targeting this region.
RES 4: $0.8568 – Monthly high Aug 31 2011
RES 3: $0.8469 – 2012 high Feb 2012
RES 2: $0.8430 – 21 day upper Bollinger band
RES 1: $0.8356 – High Sept 28
LATEST PRICE: 0.8299
SUP 1: $0.8280 – Hourly support Sept 27
SUP 2: $0.8186 – Double daily bottom Sept 24 & 26
SUP 3: $0.8083 – Double daily bottom Sept 10 & 11
SUP 4: $0.8050 – 200 day moving average
AUD/JPY: 21-DMA Continues To Cap. The 21-DMA continued to cap attempts higher to end last week and a close above is needed to see immediate focus turn to tests of the 200-DMA (Jpy82.05) and then Sept monthly highs above. While the 21-DMA continues to cap immediate pressure remains on dips back towards the relatively flat lower 21 day Bollinger band.
RES 4: Jpy83.10 – High Sept 14
RES 3: Jpy82.30 – High Sept 21
RES 2: Jpy81.49 – High Sept 25
RES 1: Jpy81.26 – 21 day moving average
LATEST PRICE: 80.90
SUP 1: Jpy80.26 – Low Sept 26
SUP 2: Jpy79.78 – 21 day lower Bollinger band
SUP 3: Jpy79.56 – Monthly low July 25
SUP 4: Jpy79.32 – Falling daily channel base from Aug 21 high
USD/KRW: Fresh 2012 Lows To End The Week. USD/KRW broke to fresh 2012 lows to end last week with the close below having the potential for a continuation lower that sees the falling daily channel base around Krw1089 targeted. The Krw 1124-25 region remains key resistance with the 21-DMA at Krw1124.3. A close above this region is needed to see the immediate focus return to retests of the 200-DMA.
RES 4: Krw1158.1 – High July 12
RES 3: Krw1139.2 – 200 day moving average
RES 2: Krw1135.4 – Ichimoku cloud base
RES 1: Krw1124.8 – Previous key daily support now resistance
LATEST PRICE: 1111.5
SUP 1: Krw1110.4 – Low Nov 4 2011
SUP 2: Krw1109.7 – 21 day lower Bollinger band
SUP 3: Krw1100.2 – Low Oct 31 2011
SUP 4: Krw1089.2 – Falling daily channel base
USD/SGD: Sgd1.2225-1.2320 Expected This Week. The dip to end the week paused ahead of initial support with a close below needed to see a break to fresh 2012 lows favoured. Topside the 21-DMA capped the bounces last week and a close above is now needed to see topside focus turn to tests of the falling daily channel top off the June 1 highs. Daily tech studies have now corrected to more neutral levels.
RES 4: Sgd1.2507 – Monthly high Sept 3
RES 3: Sgd1.2426 – Falling daily channel top from June 1 highs
RES 2: Sgd1.2371 – High Sept 10
RES 1: Sgd1.2320 – 21 day moving average
LATEST PRICE: 1.2275
SUP 1: Sgd1.2223 – Low Sept 24 2012
SUP 2: Sgd1.2175 – 2012 low Sept 14 2012
SUP 3: Sgd1.2146 – 21 day lower Bollinger band
SUP 4: Sgd1.2133 – Low Sept 9 2011
EasyForexNews Research Team