AUD/USD has taken out $0.9484 and is approaching the 38.2% Fibonacci level and 21 day upper Bollinger band. A break back below the Oct 7 low remains needed to confirm a break of the 21-DMA and relieve the immediate bullish focus that is targeting a test of the Sept monthly high and then the key $0.9665 resistance level above. Layers of support remain in the $0.9221-86 region with a close below $0.9221 needed to shift focus back to 2013 lows.
R 4: $0.9665 – High June 6
R 3: $0.9573 – High June 18
R 2: $0.9527 – High Sept 18
R 1: $0.9512 – 38.2% Fibonacci retracement $1.0582-0.8850
Latest price: $0.9491
S 1: $0.9407 – 21 day moving average
S 2: $0.9390 – Low Oct 7
S 3: $0.9365 – Hourly support Oct 3
S 4: $0.9332 – Low Oct 2
NZD/USD has finally broken free of the $0.8350-55 region with focus now firmly on a test of the Sept monthly high and then the $0.8355-83 region above, last test in late April/early May. Initial support is now noted at the $0.8347 level on the hourly time frame but we will look for a close back below the 21-DMA to relieve the immediate bullish focus. A close below $0.8159 remains needed to shift overall focus back to 2013 lows
R 4: $0.8555 – High May 6
R 3: $0.8477 – High May 9
R 2: $0.8435 – Monthly high Sept 19
R 1: $0.8401 – High Sept 20
Latest price: $0.8355
S 1: $0.8347 – Hourly support Oct 14
S 2: $0.8307 – 21 day moving average
S 3: $0.8268 – Low Oct 11
S 4: $0.8233 – Low Oct 10
AUD/NZD dipped below the 21-DMA to start the new week and hints at further downside in store with a test of the layers of support in the NZ$1.1195-1.1215 region now favoured. Layers of resistance remain in the NZ$1.1439-77 region with a close above needed to shift overall focus higher to the NZ$1.1579-1.1658 region with the 100-DMA noted at NZ$1.1576. A close above the 55-DMA is needed to relieve the immediate bearish focus.
R 4: NZ$1.1494 – Ichimoku cloud base
R 3: NZ$1.1477 – Previous daily support now resistance
R 2: NZ$1.1439 – 21 day upper Bollinger band / Pivotal resistance
R 1: NZ$1.1394 – 55 day moving average
Latest price: NZ$1.1353
S 1: NZ$1.1302 – Low Oct 14
S 2: NZ$1.1261 – Low Oct 3
S 3: NZ$1.1215 – Monthly low Oct 20 & 30
S 4: NZ$1.1195 – Low Oct 1
AUD/JPY: The dip to start the new week paused ahead of initial support before breaking to fresh highs for the month and pulling up just short of the 38.2% Fibonacci retracement level. Focus is now on a continuation higher that tests the key 200-DMA which comes in just above the Sept monthly high. The 21 day upper Bollinger band (Y94.03) is now heading higher with spikes above favoured while the Y92.40 level supports.
R 4: Y95.93 – 50% Fibonacci retracement Y105.42-Y86.43
R 3: Y94.71 – 200 day moving average
R 2: Y94.09 – High Sept 20
R 1: Y93.68 – 38.2% Fibonacci retracement Y105.42-Y86.43
Latest price: Y93.58
S 1: Y92.40 – 21 day moving average
S 2: Y90.82 – Low Oct 2
S 3: Y90.67 – Low Sept 6
S 4: Y90.49 – 55 day moving average
EUR/AUD: The A$1.4275 level continues to support on dips with the pair again having tested this level. A close back above the Oct 7 high is needed to relieve the current bearish focus that is targeting a continuation lower that initially tests the A$1.4170-97 region. Overall the A$1.4558 Sept 4 high remains key resistance with a close above needed to end bearish aspirations and shift focus higher to retests of the 2013 high.
R 4: A$1.4757 – Previous daily support now resistance
R 3: A$1.4688 – Ichimoku cloud top
R 2: A$1.4558 – High Sept 4
R 1: A$1.4465 – High Oct 7
Latest price: A$1.4293
S 1: A$1.4275 – Low Sept 23
S 2: A$1.4208 – 21 day lower Bollinger band
S 3: A$1.4197 – Low Sept 18
S 4: A$1.4170 – Low July 17
USD/KRW remains heavy after last week’s bounce above the 21-DMA failed to test the key Krw1081.1 resistance level. 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. The falling daily channel base comes in around Krw1056.7 and remains targeted while Krw1081.1 caps
R 4: Krw1105.6 – 200 day moving average
R 3: Krw1091.1 – Previous daily support now resistance
R 2: Krw1081.1 – Previous daily support now resistance
R 1: Krw1075.3 – 21 day moving average
Latest price: Krw1071.5
S 1: Krw1069.3 – Low Oct 8
S 2: Krw1068.3 – 21 day lower Bollinger band
S 3: Krw1060.5 – Alternating daily support/resistance
S 4: Krw1054.5 – 2013 low Jan 11
USD/SGD has closed below the 55-WMA with lower levels remaining favoured. Initial resistance remains at Friday’s high with a close above this level now needed to relieve the immediate bearish focus that is targeting a test of the Sgd1.2407 June monthly low with a break lower seeing focus shift to tests of the Sgd1.2268 May monthly low. Overall a close back above the Sgd1.2649 level is needed to shift focus to test of the 2013 high.
R 4: Sgd1.2610 – High Sept 18
R 3: Sgd1.2581 – High Sept 30
R 2: Sgd1.2541 – High Oct 2 & 10
R 1: Sgd1.2496 – High Oct 11
Latest price: Sgd1.2432
S 1: Sgd1.2418 – 21 day lower Bollinger band
S 2: Sgd1.2407 – Monthly low June 7
S 3: Sgd1.2359 – Previous daily resistance now support
S 4: Sgd1.2330 – Low May 10
