The $0.9360 level confirmed its significance with the AUD/USD bouncing from this level to take out $0.9424. Immediate focus has now shifted to a test of the falling 21-DMA with overall focus having turned to a test of the 200-DMA and then the Oct monthly high above. The $0.9360 level remains initial support with a close back below needed to relieve the current bullish focus. O/S daily tech studies are supportive of further topside as they look to correct.
R 4: $0.9656 – 200 day moving average
R 3: $0.9541 – High Nov 16
R 2: $0.9475 – High Nov 8
R 1: $0.9470 – 21 day moving average
Latest price: $0.9417
S 1: $0.9410
S 2: $0.9275 – 100 day moving average
S 3: $0.9221 – Low Sept 10
S 4: $0.9195 – 61.8% Fibonacci of $0.8850-0.9754
NZD/USD: A close below Friday’s low remains needed to relieve the current bullish focus and see attention shift back to a retest of the key $0.8159-76 support region with a close below needed to see focus shift lower to tests of the 2013 low. While the $0.8268 level supports further tests and an eventual break above the Nov 6 is favoured with overall focus currently on a test of the Oct monthly high.
R 4: $0.8555 – High May 6
R 3: $0.8541 – Monthly high Oct 22
R 2: $0.8445 – High Oct 24
R 1: $0.8414 – High Nov 6
Latest price: $0.8370
S 1: $0.8300 – Hourly breakout level
S 2: $0.8268 – Low Nov 15
S 3: $0.8233 – Low Nov 14
S 4: $0.8176 – 200 day moving average
AUD/NZD: A close above Thursday’s high remains needed to relieve the bearish focus while a close above the 21-DMA is now needed to shift overall focus higher. The falling 21 day lower Bollinger band comes in around NZ$1.1206 with oscillation around the lower Bollinger band expected to continue while NZ$1.1305 caps. Correcting oversold daily tech studies are a concern and could limit bearish follow through until correcting back to more neutral levels.
R 4: NZ$1.1490 – High Nov 5
R 3: NZ$1.1437 – 100 day moving average
R 2: NZ$1.1388 – Previous daily support now resistance
R 1: NZ$1.1305 – High Nov 14
Latest price: NZ$1.1260
S 1: NZ$1.1192 – 2013 Low July 31
S 2: NZ$1.0936 – Low Oct 24 2008
S 3: NZ$1.0893 – Low Oct 16 2008
S 4: NZ$1.0654 – 2008 Low Oct 9 2008
After dipping back towards initial support on Tuesday the AUD/JPY bounced sharply with the move higher pausing ahead of the 200-DMA. While the Y93.29 level supports a break above the 200-DMA remains favoured that sees the Oct monthly high targeted. A close below the Y93.29 level sees immediate focus shift back to the Y92.33 lows that have supported on dips during November so far.
R 4: Y96.02 – Previous daily support now resistance
R 3: Y95.67 – Monthly high Oct 22
R 2: Y94.70 – 21 day upper Bollinger band
R 1: Y94.55 – 200 day moving average
Latest price: Y94.39
S 1: Y93.29 – Previous daily resistance now support
S 2: Y92.33 – Low Nov 13
S 3: Y92.14 – 38.2% Fibonacci retracement Y86.43-95.67
S 4: Y91.51 – 100 day moving average
After repeated failures around the A$1.4477 level last week EUR/AUD has continued its retreat before bouncing from marginally below the 21 and 55-DMA’s. A close above the Nov 14 high remains needed to kick start bullish momentum while a close below the Tuesday’s low is now needed to hint at a continuation lower and see the pair target retests of the A$1.4056 Nov monthly low so far.
R 4: A$1.4558 – High Sept 4 & 27
R 3: A$1.4529 – High Oct 29
R 2: A$1.4477 – High Nov 14
R 1: A$1.4424 – 100 day moving average
Latest price: A$1.4354
S 1: A$1.4320 – Low Nov 19
S 2: A$1.4230 – Low Nov 11
S 3: A$1.4135 – 21 day lower Bollinger band
S 4: A$1.4056 – Low Nov 7
USD/KRW dipped below the 21 day lower Bollinger band to marginally trade at fresh 2013 lows on Tuesday. A close back above the Krw1059.3 alternating support/resistance level is needed to relieve the immediate bearish pressure while a close back above the 55-DMA is needed to confirm a break of the falling daily channel top and see focus return to the Krw1081.1-1091.1 resistance region.
R 4: Krw1071.7 – 55 day moving average
R 3: Krw1070.2 – High Nov 14
R 2: Krw1064.1 – 21 day moving average
R 1: Krw1059.3 – Alternating daily support/resistance
Latest price: Krw1057.0
S 1: Krw1054.7 – 21 day lower Bollinger band
S 2: Krw1054.3 – 2013 low Nov 19
S 3: Krw1048.3 – 2011 low Aug 1
S 4: Krw1033.2 – Falling daily channel base
USD/SGD dipped to test the upper limit of the Sgd1.2406-28 support region yesterday as O/B daily tech studies continue to correct lower with further tests lower currently favoured. A close above Friday’s high remains needed to relieve the bearish focus and see the 200-DMA targeted once more. Below Sgd1.2406 is needed to shift overall focus lower and see the May monthly low targeted.
R 4: Sgd1.2581 – High Sept 30
R 3: Sgd1.2540 – 38.2% Fibonacci of 1.2860-1.2342
R 2: Sgd1.2533 – 200 day moving average
R 1: Sgd1.2495 – High Nov 15
Latest price: Sgd1.2430
S 1: Sgd1.2428 – 21 day moving average
S 2: Sgd1.2406 – Low Nov 5
S 3: Sgd1.2330 – Low May 10
S 4: Sgd1.2268 – Monthly low May 9
