AUD/USD has bounced sharply from ahead of layers of support in the $0.9286-12 region on attempts to head lower since last Friday but continues to stall ahead of the $0.9358 Sept 20 high. A close below the $0.9286 Sept 30 low remains needed to confirm a break of the 21 and 100-DMA’s and relieve the current bullish focus, with back below the $0.9221 Sept 10 low needed to shift the overall focus lower.
R 4: $0.9665 – High June 6
R 3: $0.9527 – High Sept 18
R 2: $0.9482 – Hourly breakdown level Sept 19
R 1: $0.9458 – High Sept 20
Latest price: $0.9390
S 1: $0.9372 – Low Oct 3
S 2: $0.9332 – Low Oct 2
S 3: $0.9286 – Low Sept 30
S 4: $0.9221 – Low Sept 10
NZD/USD has again paused ahead of the $0.8345 level. Layers of support remain in the $0.8159-0.8215 region with a close below the $0.8159 level needed to confirm a break of the 200-DMA and shift overall focus back to tests of the 2013 low. While the $0.8159-0.8215 support region remains potential exists for further bounces back towards the $0.8345 level with a close above needed to target a test of the Sept monthly high.
R 4: $0.8477 – High May 9
R 3: $0.8435 – High Sept 19
R 2: $0.8401 – High Sept 20
R 1: $0.8345 – Hourly resistance Sept 24
Latest price: $0.8289
S 1: $0.8258 – Hourly support Oct 2
S 2: $0.8215 – 21 day moving average
S 3: $0.8182 – 200 day moving average
S 4: $0.8159 – Previous daily resistance now support
AUD/NZD: An attempt to continue higher Wednesday stalled in the layers of resistance above that include key moving averages and the Ichimoku cloud base. A close above NZ$1.1477 remains needed to confirm a break of the 21 and 55-DMA’s. This is needed to end bearish aspirations and see the overall focus shift higher to the NZ$1.1658 Sept monthly high, with the 100-DMA noted just below at NZ$1.1627.
R 4: NZ$1.1620 – 100 day moving average
R 3: NZ$1.1477 – Previous daily support now resistance
R 2: NZ$1.1442 – Previous daily support now resistance
R 1: NZ$1.1428 – Ichimoku cloud base
Latest price: NZ$1.1321
S 1: NZ$1.1261 – Low Oct 3
S 2: NZ$1.1195 – Low Oct 1
S 3: NZ$1.1185 – 2013 low Aug 1
S 4: NZ$1.0936 – Low Oct 24 2008
AUD/JPY: An inside day for the aussie-yen after having been capped by the 21-DMA on Wednesday and we continue to look for a close above the Sept 26 high to confirm a break of the 21-DMA and shift overall focus to tests of the 200-DMA. Layers of support remain in the Y90.11-67 region with a close below Y90.11 needed to confirm a break of the 55-DMA and see overall focus shift lower to retests of the 2013 low.
R 4: Y93.56 – High Sept 23
R 3: Y93.01 – High Sept 26
R 2: Y92.40 – Hourly resistance Sept 27
R 1: Y92.36 – 21 day moving average
Latest price: Y91.31
S 1: Y90.82 – Low Oct 2
S 2: Y90.67 – Low Sept 6
S 3: Y90.41 – 55 day moving average
S 4: Y90.11 – Previous daily resistance now support
EUR/AUD: The A$1.4558 resistance level continues to confirm its significance, remaining unbroken on rallies. The euro-aussie pullback Tuesday dipped below the 21-DMA before closing marginally above. While the A$1.4558 level caps potential remains for retests of the A$1.4165-97 support region with a break below remaining favoured. A close above A$1.4558 is needed to end bearish aspirations and see overall focus shift back to the 2013 high.
R 4: A$1.5028 – 2013 high Aug 28
R 3: A$1.4757 – Previous daily support now resistance
R 2: A$1.4648 – Ichimoku cloud top
R 1: A$1.4558 – High Sept 4
Latest price: A$1.4484
S 1: A$1.4368 – 21 day moving average
S 2: A$1.4275 – Low Sept 23
S 3: A$1.4251 – 100 day moving average
S 4: A$1.4197 – Low Sept 18
USD/KRW: A close above Krw1081.1 remains needed to relieve the immediate bearish focus, while back above the Krw1091.1 level is needed to shift focus back to the Krw1101.8-1108.4 region. It is worth noting that the falling daily channel top comes in just below the Krw1105.4 level and adds additional significance to the resistance region. Daily tech studies have corrected a little from oversold levels and are no longer considered to be an issue.
R 4: Krw1108.4 – Previous daily support now resistance
R 3: Krw1105.3 – 200 day moving average
R 2: Krw1091.1 – Previous daily support now resistance
R 1: Krw1081.1 – Previous daily support now resistance
Latest price: Krw1073.1
S 1: Krw1070.3 – Low Oct 3
S 2: Krw1067.2 – 21 day lower Bollinger band
S 3: Krw1060.5 – Alternating daily support/resistance
S 4: Krw1054.5 – 2013 low Jan 11
USD/SGD: The lack of follow through on recent attempts higher have resulted in a correction lower that has now closed below the 200-DMA. A close above the Sept 30 high remains needed to hint at a continuation higher that initially targets the pivotal Sgd1.2649 resistance. A close above Sgd1.2649 is needed to shift overall focus back to retests of the Sgd1.2812-60 region. For now the immediate focus is on a continuation lower that tests the June monthly low.
R 4: Sgd1.2610 – High Sept 18
R 3: Sgd1.2590 – 21 day moving average
R 2: Sgd1.2581 – High Sept 30
R 1: Sgd1.2511 – 200 day moving average
Latest price: Sgd1.2476
S 1: Sgd1.2441 – 55 week moving average
S 2: Sgd1.2407 – Monthly low June 7
S 3: Sgd1.2359 – Previous daily resistance now support
S 4: Sgd1.2268 – Monthly low May 9