AUD/USD: The move higher failed at the 21-DMA on Wednesday before heading lower and taking out the previous initial support at $0.9360. The 100-DMA now remains the immediate focus with a close below ending bullish aspirations and seeing the aussie initially targeting a test of the Sept 5 low and then the key $0.8850-95 support region below. A close above the 21-DMA is now needed to kick start bullish momentum targeting the 200-DMA and then the Oct monthly high.
R 4: $0.9754 – Monthly High Oct 23
R 3: $0.9651 – 200 day moving average
R 2: $0.9541 – High Nov 16
R 1: $0.9453 – 21 day moving average
Latest price: $0.9328
S 1: $0.9278 – 100 day moving average
S 2: $0.9221 – Low Sept 10
S 3: $0.9195 – 61.8% Fibonacci of $0.8850-0.9754
S 4: $0.9117 – Low Sept 5
NZD/USD is now heading back towards the key $0.8160-75 support region with the 200-DMA noted at $0.8175 today and a close below $0.8160 seeing focus shift lower to retests of the 2013 low. A close above the $0.8414 Nov 6 high is needed to kick start bullish momentum and see focus return to tests of the Oct monthly high. The kiwi has not closed below the 200-DMA since closing above back in mid-Sept
R 4: $0.8541 – Monthly high Oct 22
R 3: $0.8445 – High Oct 24
R 2: $0.8414 – High Nov 6
R 1: $0.8350 – Hourly resistance Nov 20
Latest price: $0.8269
S 1: $0.8233 – Low Nov 14
S 2: $0.8175 – 200 day moving average
S 3: $0.8160 – Low Sept 17
S 4: $0.8132 – 50% Fibonacci retracement of 0.7724-0.8541
AUD/NZD marginally traded above Thursday’s high and combined with correcting O/S studies there is an increased risk of a continuation higher that initially targets the NZ$1.1376-88 region where the 21 and 55-DMA’s are noted. We will now look for a close back below Wednesday’s low to see focus return to the 2013 low. A close above the Nov 5 high is needed to confirm a break of the 100-DMA and see focus return to the Oct monthly high.
R 4: NZ$1.1490 – High Nov 5
R 3: NZ$1.1433 – 100 day moving average
R 2: NZ$1.1388 – Previous daily support now resistance
R 1: NZ$1.1314 – High Nov 20
Latest price: NZ$1.1270
S 1: NZ$1.1257 – Low Nov 20
S 2: NZ$1.1192 – 2013 Low July 31
S 3: NZ$1.0936 – Low Oct 24 2008
S 4: NZ$1.0893 – Low Oct 16 2008
The 200-DMA has thwarted attempts to continue higher with the AUD/JPY correcting sharply lower after marginally trading above the 200-DMA on Wednesday. Immediate focus has now shifted to a retest of the Y92.34 low from Nov 15 with a close below this level then seeing focus ratched lower to the Y90.11-67 support region. A close above the 200-DMA is now needed to kick start bullish momentum.
R 4: Y96.02 – Previous daily support now resistance
R 3: Y95.67 – Monthly high Oct 22
R 2: Y94.54 – 200 day moving average
R 1: Y94.08 – Hourly resistance Nov 20
Latest price: Y93.29
S 1: Y92.34 – Low Nov 13
S 2: Y92.14 – 38.2% Fibonacci retracement Y86.43-95.67
S 3: Y91.54 – 100 day moving average
S 4: Y91.05 – 50.0% Fibonacci retracement Y86.43-95.67
After repeated failures around the A$1.4477 level last week EUR/AUD 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. Daily tech studies are approaching overbought and threatening to correct.
R 4: A$1.4757 – Previous daily support now resistance
R 3: A$1.4558 – High Sept 4 & 27
R 2: A$1.4529 – High Oct 29
R 1: A$1.4477 – High Nov 14
Latest price: A$1.4404
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
After trading at marginal fresh 2013 lows on Tuesday USD/KRW has bounced to close above the previous initial resistance noted at Krw1059.3 relieving the previous bearish pressure. 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: Krw1081.1 – Previous daily support now resistance
R 3: Krw1071.3 – 55 day moving average
R 2: Krw1070.2 – High Nov 14
R 1: Krw1064.2 – 21 day moving average
Latest price: Krw1060.4
S 1: Krw1055.0 – 21 day lower Bollinger band
S 2: Krw1054.3 – 2013 low Nov 19
S 3: Krw1048.3 – 2011 low Aug 1
S 4: Krw1032.3 – Falling daily channel base
USD/SGD dipped to test the upper limit of the Sgd1.2406-28 support region Tuesday before bouncing sharply from this level on Wednesday despite correcting overbought daily tech studies. 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: Sgd1.2534 – 200 day moving average
R 1: Sgd1.2495 – High Nov 15
Latest price: Sgd1.2460
S 1: Sgd1.2433 – 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
