AUD/USD: Looking Tired, Focus Topside For Now. The pair dipped below previous hourly support and we now look for a close below yesterday’s lows to end hopes of a retest of the upper Bollinger band. The Nov 20 high is also the level to watch topside today and with the pair looking a little tired a close above Nov 20 highs is needed to maintain topside focus.
RES 4: $1.0518 – High Sept 21
RES 3: $1.0480 – High Nov 7
RES 2: $1.0457 – 21 day upper Bollinger band
RES 1: $1.0423 – High Nov 20
LATEST PRICE: 1.0388
SUP 1: $1.0359 – Low Nov 20
SUP 2: $1.0295 – 21 day lower Bollinger band
SUP 3: $1.0238 – Low Oct 23
SUP 4: $1.0150 – Monthly low Oct 8
NZD/USD: $0.8185-32 Resistance Region Caps Again. The $0.8185-32 resistance region has again confirmed its significance with the Kiwi pulling back from another attempt higher. While this region caps overall focus remains on tests of the 200-DMA with a close below then seeing focus ratchet lower to the July monthly lows. The 21 day lower Bollinger is at $0.8085 and should slow the move lower.
RES 4: $0.8307 – Monthly high Nov 7
RES 3: $0.8288 – 21 day upper Bollinger band
RES 2: $0.8232 – Low Nov 6 now resistance
RES 1: $0.8201 – High Nov 20
LATEST PRICE: 0.8166
SUP 1: $0.8120 – Hourly support Nov 19
SUP 2: $0.8074 – 200 day moving average
SUP 3: $0.8008 – 100 week moving average
SUP 4: $0.7917 – Monthly low Sept 5
AUD/JPY: Targeting Rising Daily Channel Top. Fresh 7 month highs yet again for AUD/JPY as the pair works its way towards the rising daily channel top noted in the Jpy85.40-45 region today. Initial support remains at the Nov 19 low, but a close below the Jpy81.99 double daily bottom is needed to confirm an end to the current uptrend off the Oct monthly lows.
RES 4: Jpy88.64 – 2012 high Mar 19
RES 3: Jpy87.57 – High Mar 27
RES 2: Jpy86.81 – Monthly high Apr 2
RES 1: Jpy85.40 – Rising daily channel top
LATEST PRICE: 84.88
SUP 1: Jpy84.17 – Low Nov 19
SUP 2: Jpy82.99 – Low Nov 15
SUP 3: Jpy81.99 – Double daily bottom Oct 30 & Nov 9
SUP 4: Jpy81.74 – 21 day lower Bollinger band
USD/KRW: 21-DMA Remains Key Resistance. Fresh 2012 lows for USD/KRW yesterday and a spike below the lower 21 day Bollinger band (Krw1081.6) as the pair continues to work its way towards the falling daily channel base. For now the 21-DMA remains key resistance for USD/KRW with a close above needed to end the current nearly 6 month long downtrend.
RES 4: Krw1124.6 – Previous daily support now resistance
RES 3: Krw1117.4 – High Oct 11
RES 2: Krw1109.9 – Previous daily support now resistance
RES 1: Krw1192.4 – 21 day moving average
LATEST PRICE: 1082.9
SUP 1: Krw1081.0 – 2012 low Nov 20
SUP 2: Krw1062.9 – Falling daily channel base
SUP 3: Krw1060.4 – Monthly low Sept 2
SUP 4: Krw1048.3 – 2011 low Aug 1
USD/SGD: 21-DMA Continues To Support. USD/SGD continues to find support ahead of the 21-DMA although remaining heavy with daily tech studies unwinding from modestly overbought levels. Below the Nov 7 lows is needed to confirm a break of the 21-DMA and see focus return to retests of 2012 lows. While the 21-DMA supports a slim chance of a bounce remains favoured.
RES 4: Sgd1.2383 – 100 day moving average
RES 3: Sgd1.2372 – High Sept 11
RES 2: Sgd1.2339 – High Sept 26
RES 1: Sgd1.2296 – High Nov 169
LATEST PRICE: 1.2237
SUP 1: Sgd1.2229 – 21 day moving average
SUP 2: Sgd1.2203 – Low Nov 7
SUP 3: Sgd1.2191 – 21 day lower Bollinger band
SUP 4: Sgd1.2153 – 2012 low Oct 22 2012
EasyForexNews Research Team