AUD/USD hacontinued its move lower, breaking below the 100-DMA for the first time since mid-Sept with the immediate focus now shifting to a retest of the Sept 5 low at $0.9117. Overall focus remains on a continuation lower that targets the $0.8850-95 region with the 2013 low noted at $0.8850. Daily tech studies remain oversold but a close back above hourly resistance at $0.9310 is needed to relieve the bearish pressure.
R 4: $0.9646 – 200 day moving average
R 3: $0.9541 – High Nov 16
R 2: $0.9435 – 21 day moving average
R 1: $0.9310 – Hourly resistance Nov 21
Latest price: $0.9232
S 1: $0.9195 – 61.8% Fibonacci of $0.8850-0.9754
S 2: $0.9117 – Low Sept 5
S 3: $0.8975 – Low Sept 3
S 4: $0.8894 – Low Aug 30
NZD/USD has paused just short of the 200-DMA and the key $0.8160-74 support region so far with a close below $0.8160 seeing focus shift lower to retests of the 2013 low. A close above Thursday’s high is needed to relieve the immediate bearish focus while back 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.
R 4: $0.8445 – High Oct 24
R 3: $0.8414 – High Nov 6
R 2: $0.8305 – Hourly resistance Nov 20
R 1: $0.8276 – High Nov 21
Latest price: $0.8200
S 1: $0.8174 – 200 day moving average
S 2: $0.8160 – Low Sept 17
S 3: $0.8132 – 50% Fibonacci retracement of 0.7724-0.8541
S 4: $0.8120 – 100 day moving average
The immediate focus has returned to a retest of the 2013 low after AUD/NZD failed to make any headway above Wednesday’s high, correcting lower once again on Thursday. A close above Wednesday’s higher remains needed to relieve the current bearish pressure and see immediate focus shift back to the NZ$1.1370-88 resistance region. A close above the Nov 5 high remains 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$1.1429 – 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$1.1253
S 1: NZ$1.1192 – 2013 Low July 31
S 2: NZ$1.1171 – 21 day lower Bollinger band
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 remains on a retest of the Y92.34 low from Nov 13 with a close below this level then seeing focus ratchet lower to the Y90.11-67 support region. A close above yesterday’s high is needed to relieve the immediate bearish pressure.
R 4: Y95.67 – Monthly high Oct 22
R 3: Y94.52 – 200 day moving average
R 2: Y94.08 – Hourly resistance Nov 20
R 1: Y93.73 – High Nov 21
Latest price: Y93.37
S 1: Y93.02 – 55 day moving average
S 2: Y92.34 – Low Nov 13
S 3: Y92.14 – 38.2% Fibonacci retracement Y86.43-95.67
S 4: Y91.56 – 100 day moving average
After having found support around the A$1.4320 level this week the EUR/AUD has headed sharply higher, taking out the A$1.4558 level that had previously capped and trading at the highest level since early Sept. Immediate focus has shifted to a retest of the A$1.4684-1.4757 region with a close back below yesterday’s low needed to relieve the immediate bullish focus. A close below the A$1.4320 level is needed to see overall focus shift lower once more
R 4: A$1.5028 – 2013 High Aug 28
R 3: A$1.4928 – High Aug 29
R 2: A$1.4757 – Previous daily support now resistance
R 1: A$1.4684 – Risingdaily channel top
Latest price: A$1.4593
S 1: A$1.4392 – Low Nov 21
S 2: A$1.4320 – Low Nov 19
S 3: A$1.4230 – Low Nov 11
S 4: A$1.4135 – 21 day lower Bollinger band
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 although the failure at the 21-DMA on Thursday is hinting at further spikes lower while it caps. Overall 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: Krw1070.6 – 55 day moving average
R 2: Krw1070.2 – High Nov 14
R 1: Krw1064.3 – 21 day moving average
Latest price: Krw1062.2
S 1: Krw1055.3 – 21 day lower Bollinger band
S 2: Krw1054.3 – 2013 low Nov 19
S 3: Krw1048.3 – 2011 low Aug 1
S 4: Krw1031.4 – 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 and continuing higher on Thursday. The close above the Sgd1.2495 level and 55-DMA has seen immediate focus shift higher to a retest of the 200-DMA with a close above then seeing the Sgd1.2649 level targeted. A close below hourly support is needed to relieve the renewed bullish pressure.
R 4: Sgd1.2587 – 100 day moving average
R 3: Sgd1.2581 – High Sept 30
R 2: Sgd1.2540 – 38.2% Fibonacci of 1.2860-1.2342
R 1: Sgd1.2534 – 200 day moving average
Latest price: Sgd1.2496
S 1: Sgd1.2477 – Hourly support Nov 21
S 2: Sgd1.2439 – 21 day moving average
S 3: Sgd1.2406 – Low Nov 5
S 4: Sgd1.2330 – Low May 10
