AUD/USD: Dipping Back Towards 200-DMA. Following the break to fresh three-week highs, AUD/USD is dipping back towards initial support noted at the 200-DMA although a close below the $1.0290 support is needed to confirm a false break above the 200-DMA. Back below $1.0290 is needed to return focus to the $1.0100-05 region. While the 200-DMA supports overall potential for retests of Sept highs remains.
RES 4: $1.0856 – 2012 high Feb 29
RES 3: $1.0624 – Monthly high Sept 14
RES 2: $1.0492 – 21 day upper Bollinger band
RES 1: $1.0411 – High Oct 18
LATEST PRICE: $1.0377
SUP 1: $1.0346 – 200 day moving average
SUP 2: $1.0290 – Previous resistance now support
SUP 3: $1.0150 – Low Oct 8
SUP 4: $1.0105 – 50% retracement of $0.9584-$1.0624 move
NZD/USD: Rising Daily Channel Base Remains In Play. The rising channel base comes in around the $0.8120 level today with a close below needed to hint at an end to the current uptrend and below the 200-DMA confirming. A close above the 21-DMA is needed to relieve immediate downside pressure and see focus turn to retests of the Sept monthly highs.
RES 4: $0.8469 – 2012 high Feb 2012
RES 3: $0.8356 – Monthly high Sept 28
RES 2: $0.8264 – High Oct 5
RES 1: $0.8220 – 21 day moving average
LATEST PRICE: $0.8197
SUP 1: $0.8120 – Rising daily channel base off June 2 lows
SUP 2: $0.8083 – Double daily bottom Sept 10 & 11
SUP 3: $0.8076 – 200 day moving average
SUP 4: $0.8044 – 100 day moving average
AUD/JPY: Falling Daily Channel Top Caps. Sharp spike above the 21 day upper Bollinger band (Jpy82.09) saw the pair pause ahead of layers of resistance in the Jpy82.14-83.60 region with the falling daily channel top off Aug 21 highs noted around Jpy82.50. The Jpy81.20-30 region is seen as pivotal support with a close below needed to shift focus lower once more.
RES 4: Jpy84.81 – High Apr 13
RES 3: Jpy83.56 – Monthly high Aug 21
RES 2: Jpy83.10 – Monthly high Sept 14
RES 1: Jpy82.50 – Falling daily channel top from Aug 21 high
LATEST PRICE: Jpy82.32
SUP 1: Jpy81.26 – Previous daily resistance now support
SUP 2: Jpy79.44 – 21 day lower Bollinger band
SUP 3: Jpy78.90 – Falling daily channel base from Aug 21 high
SUP 4: Jpy78.10 – Low June 12
USD/KRW: Fresh 2012 Lows Continue. Spikes below the falling 21 day lower Bollinger band continue with yet another fresh 2012 low recorded yesterday. USD/KRW continues to make its way back towards the Krw1100.2 lows from Oct 31 2011 with a break lower keeping the pair focussed on the daily falling channel base coming in around Krw1078 today.
RES 4: Krw1136.1 – 200 day moving average
RES 3: Krw1132.2 – Ichimoku cloud base
RES 2: Krw1124.8 – Previous key daily support now resistance
RES 1: Krw1113.7 – 21 day moving average
LATEST PRICE: Krw1104.38
SUP 1: Krw1102.7 – 2012 low Oct 18 2012
SUP 2: Krw1100.2 – Low Oct 31 2011
SUP 3: Krw1078.1 – Falling daily channel base
SUP 4: Krw1060.4 – Monthly low Sept 2
USD/SGD: Spikes Below Bollinger Band Expected. USD/SGD managed an inside day yesterday following the fresh 2012 lows set earlier in the week with the pair expected to remain confined to a Sgd1.2153 to Sgd1.2237 range to end the week. The falling daily channel top comes in around Sgd1.2314 today with a close above needed to end the current downtrend.
RES 4: Sgd1.2371 – High Sept 10
RES 3: Sgd1.2339 – High Sept 26
RES 2: Sgd1.2314 – Falling daily channel top from June 1 highs
RES 1: Sgd1.2237 – High Oct 15
LATEST PRICE: Sgd1.2189
SUP 1: Sgd1.2153 – 2012 low Sept 14 2012
SUP 2: Sgd1.2049 – Low Sept 6 2011
SUP 3: Sgd1.2027 – Falling daily channel base
SUP 4: Sgd1.2002 – Low Aug 16 2011
EasyForexNews Research Team