AUD/USD: Layers Of Support Back In Focus. The AUD/USD reversed sharply from a spike above the 21 day upper Bollinger yesterday and put in a bearish key day reversal, but this means little until the pair takes out layers of support in the $1.0330-80 region. 21, 100 and 200-DMA’s all fall in this region as do the rising daily channel base ff Oct lows and the Nov weekly lows. A close below targets $1.0150.
RES 4: $1.0550 – Rising daily channel top
RES 3: $1.0518 – High Sept 21
RES 2: $1.0480 – High Nov 7
RES 1: $1.0455 – 21 day upper Bollinger band
LATEST PRICE: 1.0389
SUP 1: $1.0373 – 21 day moving average
SUP 2: $1.0328 – 200 day moving average
SUP 3: $1.0276 – 21 day lower Bollinger band
SUP 4: $1.0150 – Monthly low Oct 8
NZD/USD: Key Resistance Region Caps Again. The $0.8195-30 resistance region confirmed its significance with the Kiwi trading at 2 month lows and dipping below the 21 day lower Bollinger band. We will continue to look for a close above the $0.8232 resistance as confirmation of a break of the 21-DMA and until this occurs potential exists for a correction back to Sept monthly lows.
RES 4: $0.8307 – High Nov 7
RES 3: $0.8282 – 21 day upper Bollinger band
RES 2: $0.8232 – Low Nov 6 now resistance
RES 1: $0.8194 – 21 day moving average
LATEST PRICE: 0.8113
SUP 1: $0.8106 – 21 day lower Bollinger band
SUP 2: $0.8083 – Double daily bottom Sept 10 & 11
SUP 3: $0.8002 – 100 week moving average
SUP 4: $0.7917 – Monthly low Sept 5
AUD/JPY: Falls Just Short Of Upper Bollinger. The bounce from the double daily bottom and rising daily channel base (Jpy82.30) continues with AUD/JPY falling just short of the 21 day upper Bollinger band overnight. Initial focus remains on tests of the Nov 7 highs until a close below the double daily bottom is seen. Spikes above the 21 day upper Bollinger are expected to recommence.
RES 4: Jpy84.81 – High Apr 13
RES 3: Jpy84.15 – High Nov 7
RES 2: Jpy83.75 – 21 day upper Bollinger band
RES 1: Jpy83.67 – High Nov 14
LATEST PRICE: 83.30
SUP 1: Jpy82.85 – Low Nov 14
SUP 2: Jpy81.99 – Double daily bottom Oct 30 & Nov 9
SUP 3: Jpy81.78 – 21 day lower Bollinger band
SUP 4: Jpy81.65 – Low Oct 22
USD/KRW: Fresh 2012 Lows, O/S Slow Stochastic. Fresh 2012 lows by a pip for the pair yesterday despite correcting oversold daily techs before USD/KRW bounced a little from ahead of the 21 day lower Bollinger band (Krw1082.9). The 21-DMA continues to remain the level to watch topside with a close above needed to shift initial focus to retests of the Krw1110-24 resistance region.
RES 4: Krw1117.4 – High Oct 11
RES 3: Krw1109.9 – Previous daily support now resistance
RES 2: Krw1195.6 – 21 day moving average
RES 1: Krw1094.3 – High Nov 5
LATEST PRICE: 1089.5
SUP 1: Krw1084.0 – 2012 low Nov 7
SUP 2: Krw1065.8 – Falling daily channel base
SUP 3: Krw1060.4 – Monthly low Sept 2
SUP 4: Krw1048.3 – 2011 low Aug 1
USD/SGD: Flat Bollinger Bands. USD/SGD has been confined to a narrow Sgd1.2187-1.2267 range for the past 4 weeks with relatively flat 21 day Bollinger bands suggesting continued sideways trading. A close above the Nov 5 highs is needed to kick start topside momentum and see the pair focus on retests of the Sgd1.2400 level.
RES 4: Sgd1.2406 – 100 day moving average
RES 3: Sgd1.2372 – High Sept 11
RES 2: Sgd1.2339 – High Sept 26
RES 1: Sgd1.2267 – High Nov 5
LATEST PRICE: 1.2221
SUP 1: Sgd1.2203 – Low Nov 7
SUP 2: Sgd1.2187 – Low Nov 1
SUP 3: Sgd1.2175 – 21 day lower Bollinger band
SUP 4: Sgd1.2153 – 2012 low Oct 22 2012
EasyForexNews Research Team