AUD/USD: Another Dip Below The 200-DMA. Another spike below the 200-DMA ($1.0345) for the pair keeps the pressure on lower levels, but a close below the 200-DMA is needed to see focus turn to retests of the Sept monthly lows at $1.0169. Topside a close above the Sept 28 highs is needed to end the current $1.0330-1.0472 whippy range trading and return focus to Sept monthly highs.
RES 4: $1.0587 – 21 day upper Bollinger band
RES 3: $1.0518 – High Sept 21
RES 2: $1.0472 – High Sept 28
RES 1: $1.0401 – High Oct 1
LATEST PRICE: 1.0366
SUP 1: $1.0327 – Low Oct 1
SUP 2: $1.0276 – Low Sept 7
SUP 3: $1.0228 – 38.2% retracement of $0.9584-$1.0624 move
SUP 4: $1.0208 – 21 day lower Bollinger band
NZD/USD: Focus Returns To Recent Range Lows. The pair continues to retreat from the Sept monthly highs set on Sept 28 with a dip back to the $0.8185-95 region favoured and the 21-DMA noted at $0.8192. A close above the Sept 28 highs is needed to see focus turn to retests of the 2012 highs and the rising daily channel top also coming in around the $0.8069 level.
RES 4: $0.8568 – Monthly high Aug 31 2011
RES 3: $0.8469 – 2012 high Feb 2012
RES 2: $0.8436 – 21 day upper Bollinger band
RES 1: $0.8356 – High Sept 28
LATEST PRICE: 0.8280
SUP 1: $0.8186 – Double daily bottom Sept 24 & 26
SUP 2: $0.8083 – Double daily bottom Sept 10 & 11
SUP 3: $0.8052 – 200 day moving average
SUP 4: $0.7947 – 21 day lower Bollinger band
AUD/JPY: 21-DMA Caps Focus Remains Lower. The 21-DMA capped yet another bounce with initial focus remaining on retests of the Sept monthly lows until a close above the 21-DMA is seen. This would see focus return to tests of the Sept monthly highs with the upper 21 day Bollinger band noted just below at Jpy82.74. Layers of resistance remain in the Jpy82.86-83.60 region.
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: 80.88
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: Jpy79.29 – Falling daily channel base from Aug 21 high
USD/KRW: Consolidation To Start The Week. Following the dip to fresh 2012 lows to end last week USD/KRW is lacking follow through but needs to close above the Krw1124.8 level to relieve current downside pressure. For now the falling daily channel base around Krw1087.8 remains the moving target while the Krw1124.8 level caps. Above then sees the 200-DMA become the focal point.
RES 4: Krw1158.1 – High July 12
RES 3: Krw1139.0 – 200 day moving average
RES 2: Krw1135.2 – Ichimoku cloud base
RES 1: Krw1124.8 – Previous key daily support now resistance
LATEST PRICE: 1113.9
SUP 1: Krw1110.4 – Low Nov 4 2011
SUP 2: Krw1108.8 – 21 day lower Bollinger band
SUP 3: Krw1100.2 – Low Oct 31 2011
SUP 4: Krw1087.8 – Falling daily channel base
USD/SGD: Brief Spike Above 21-DMA. USD/SGD had a brief marginal spike above the 21-DMA but a close above remains needed to shift he immediate focus to retests of the failing daily channel top coming in just above Sgd1.2400 today. The Sgd1.2223 level remains initial support with a close below needed to shift focus back to retests of the 2012 lows.
RES 4: Sgd1.2507 – Monthly high Sept 3
RES 3: Sgd1.2407 – Falling daily channel top from June 1 highs
RES 2: Sgd1.2371 – High Sept 10
RES 1: Sgd1.2312 – 21 day moving average
LATEST PRICE: 1.2293
SUP 1: Sgd1.2223 – Low Sept 24 2012
SUP 2: Sgd1.2175 – 2012 low Sept 14 2012
SUP 3: Sgd1.2151 – 21 day lower Bollinger band
SUP 4: Sgd1.2133 – Low Sept 9 2011
EasyForexNews Research Team