AUD/USD: $1.0290 Remains Pivotal. The AUD/USD confirmed the significance of the $1.0290 support level to end last week with the pair bouncing back towards the Oct 18 highs. While above $1.0290 immediate focus remains on retests of the $1.0410-20 region with the falling 21 day upper Bollinger band noted at $1.0420. A close above Oct 18 highs is needed to Target Sept monthly
highs.
RES 4: $1.0518 – High Sept 21
RES 3: $1.0472 – High Sept 28
RES 2: $1.0420 – 21 day upper Bollinger band
RES 1: $1.0411 – High Oct 18
LATEST PRICE: 1.0374
SUP 1: $1.0290 – Alternating support/resistance
SUP 2: $1.0157 – 21 day lower Bollinger band
SUP 3: $1.0105 – 50% retracement of $0.9584-$1.0624 move
SUP 4: $0.9972 – Low June 25
NZD/USD: Focus Now On Retests Of Sept Monthly High. Layers of support remain in the $0.8060-10 region including 100 and 200-DMA’s, the falling lower Bollinger band and previous daily lows. A close below $0.8060 is needed to shift focus to retests of Sept monthly lows and following last weeks close above the 21-DMA ($0.8195) we will focus on a retest of Sept monthly highs for now.
RES 4: $0.8469 – 2012 high Feb 2012
RES 3: $0.8356 – Monthly high Sept 28
RES 2: $0.8283 – 21 day upper Bollinger band
RES 1: $0.8264 – High Oct 5
LATEST PRICE: 0.8229
SUP 1: $0.8160 – Hourly support Oct 25
SUP 2: $0.8083 – Double daily bottom Sept 10 & 11
SUP 3: $0.8077 – 100 day moving average
SUP 4: $0.8013 – 38.2% retracement of $0.7461-0.8356 move
AUD/JPY: Aug Monthly Highs Remain The Focus. Tests of the rising 21 day upper Bollinger band (Jpy82.23) are expected to continue while the support at Jpy81.65 remains unbroken with initial focus on the Aug monthly high. A close below the Oct 22 lows is needed to shift focus lower but for now focus remains topside despite overbought daily tech studies.
RES 4: Jpy87.57 – High Mar 27
RES 3: Jpy86.81 – High Apr 2
RES 2: Jpy84.81 – High Apr 13
RES 1: Jpy83.56 – Monthly high Aug 21
LATEST PRICE: 82.63
SUP 1: Jpy82.31 – Low Oct 26
SUP 2: Jpy81.65 – Low Oct 22
SUP 3: Jpy81.26 – Previous daily resistance now support
SUP 4: Jpy79.04 – 21 day lower Bollinger band
USD/KRW: Fresh 2012 Lows Remain The Focus. Fresh 2012 lows will remain the focus for USD/KRW until a close above the 21-DMA is recorded which then shifts immediate focus to retests of the key Krw1124.8 resistance level with the 100-WMA noted just ahead at Krw1120.8. Spikes below the falling 21 day lower Bollinger band are expected to continue.
RES 4: Krw1134.9 – 200 day moving average
RES 3: Krw1124.8 – Previous key daily support now resistance
RES 2: Krw1117.4 – High Oct 11
RES 1: Krw1108.6 – 21 day moving average
LATEST PRICE: 1097.5
SUP 1: Krw1095.2 – 2012 low Oct 25
SUP 2: Krw1073.7 – Falling daily channel base
SUP 3: Krw1060.4 – Monthly low Sept 2
SUP 4: Krw1048.3 – 2011 low Aug 1
USD/SGD: 21-DMA Capped Last Weeks Bounces. USD/SGD topside attempts remained capped by the 21-DMA last week with a close above needed to relieve immediate downside pressure and a close above the Sept 26 highs confirming a break of the down trend that has been in play since early June. While the 21-DMA caps focus remains on fresh 2012 lows and spikes below the lower Bollinger band.
RES 4: Sgd1.2372 – High Sept 11
RES 3: Sgd1.2339 – High Sept 26
RES 2: Sgd1.2284 – Falling daily channel top from June 1 highs
RES 1: Sgd1.2251 – 21 day moving average
LATEST PRICE: 1.2207
SUP 1: Sgd1.2195 – 2012 low Oct 22 2012
SUP 2: Sgd1.2153 – 2012 low Sept 14 2012
SUP 3: Sgd1.2049 – Low Sept 6 2011
SUP 4: Sgd1.1984 – Falling daily channel base
EasyForexNews Research Team