AUD/USD: Potential For $1.0169-1.0323. The AUD/USD is hesitating ahead of the Sept monthly lows with a close above the Oct 1 highs needed to see focus return to retests of the Sept monthly highs. Spikes below the lower 21 day Bollinger band are expected to continue while focus remains on lower levels. Daily tech studies are approaching oversold levels which could see $1.0168-1.0323 range trading.
RES 4: $1.0518 – High Sept 21
RES 3: $1.0472 – High Sept 28
RES 2: $1.0401 – High Oct 1
RES 1: $1.0323 – Hourly resistance Oct 2
LATEST PRICE: 1.0245
SUP 1: $1.0168 – Monthly low Sept 5
SUP 2: $1.0105 – 50% retracement of $0.9584-$1.0624 move
SUP 3: $0.9983 – 61.8% retracement of $0.9584-$1.0624 move
SUP 4: $0.9922 – Low June 14
NZD/USD: Bounces Off Initial Support. The pair bounced off the Sept 12 lows as it retested the initial resistance at $0.8230 overnight. A close below the $0.8170 level is needed to retain focus on the 200-DMA with the rising channel base just below at $0.8057. A close above the $0.8230 level sees focus turn to range trading within a broad 0.8170-0.8356 range.
RES 4: $0.8469 – 2012 high Feb 2012
RES 3: $0.8413 – 21 day upper Bollinger band
RES 2: $0.8356 – Monthly high Sept 28
RES 1: $0.8230 – Hourly resistance Oct 3
LATEST PRICE: 0.8223
SUP 1: $0.8170 – Low Sept 12 & Oct 4
SUP 2: $0.8083 – Double daily bottom Sept 10 & 11
SUP 3: $0.8060 – 200 day moving average
SUP 4: $0.7983 – 100 day moving average
AUD/JPY: 21-DMA Pivotal Resistance. The 21 day lower Bollinger band has supported the past two days with the pair now looking like spending some time sideways within a Jpy79.88-81.28 range with the 21-DMA seen as pivotal resistance. A close above the 21-DMA sees focus return to retests of the Sept monthly highs at Jpy83.12.
RES 4: Jpy82.30 – High Sept 21
RES 3: Jpy81.49 – High Sept 25
RES 2: Jpy81.28 – 21 day moving average
RES 1: Jpy80.68 – Hourly resistance Oct 2
LATEST PRICE: 80.36
SUP 1: Jpy79.88 – 21 day lower Bollinger band
SUP 2: Jpy79.56 – Monthly low July 25
SUP 3: Jpy79.22 – Falling daily channel base from Aug 21 high
SUP 4: Jpy78.10 – Low June 12
USD/KRW: Break Lower Remains Favoured. USD/KRW remains heavy with focus remaining on fresh 2012 lows until a close back above the pivotal Krw1124.8 level is seen. For now the falling channel base remains a guide to lower levels although the relatively flat 21 day lower Bollinger band could initially slow the move lower. Overall the 200-DMA is key topside with lower levels favoured while below.
RES 4: Krw1158.1 – High July 12
RES 3: Krw1138.4 – 200 day moving average
RES 2: Krw1135.5 – Ichimoku cloud base
RES 1: Krw1124.8 – Previous key daily support now resistance
LATEST PRICE: 1113.1
SUP 1: Krw1110.4 – Low Nov 4 2011
SUP 2: Krw1107.5 – 21 day lower Bollinger band
SUP 3: Krw1100.2 – Low Oct 31 2011
SUP 4: Krw1085.6 – Falling daily channel base
USD/SGD: Fails At Initial Resistance. USD/SGD failed at the Sgd1.2339 resistance level with focus now turning to retests of the initial support at Sgd1.2223. A close below this level is needed to see fresh 2012 lows targeted while above the Sept 26 highs is needed to see focus turn to the falling daily channel top. The rising 21 day lower Bollinger is at $1.2189 and may slow the move lower.
RES 4: Sgd1.2507 – Monthly high Sept 3
RES 3: Sgd1.2387 – Falling daily channel top from June 1 highs
RES 2: Sgd1.2371 – High Sept 10
RES 1: Sgd1.2339 – High Sept 26
LATEST PRICE: 1.2283
SUP 1: Sgd1.2223 – Low Sept 21 2012
SUP 2: Sgd1.2189 – 21 day lower Bollinger band
SUP 3: Sgd1.2175 – 2012 low Sept 14 2012
SUP 4: Sgd1.2133 – Low Sept 9 2011
EasyForexNews Research Team