USD/SGD continues to trade sideways in narrow ranges below the initial resistance at Sgd1.2511. The Sgd1.2511-45 region remains key for the pair with bears targeting fresh 2014 lows while this region caps. A close above Sgd1.2511 is needed to ease bearish pressure a little while a close above Sgd1.2545 is needed to confirm a break of the 21 & 55-DMA’s and see immediate focus shift to the 100 & 200-DMA’s
RES 4: Sgd1.2579 – 100-DMA
RES 3: Sgd1.2569 – 200-DMA
RES 2: Sgd1.2545 – High June 18
RES 1: Sgd1.2511 – High June 20
LPRICE: Sgd1.2491
SUP 1: Sgd1.2467 – Low June 19
SUP 2: Sgd1.2450 – 2014 low Apr 9
SUP 3: Sgd1.2342 – Monthly low Oct 2013
SUP 4: Sgd1.2268 – Monthly low May 8 2013
Time spent above the 21-DMA was again short for USD/KRW with the pair having failed to test the key Krw1025.9 high from June 3 last week. Immediate focus remains on the 2014 lows with bears continuing to target sub Krw1000.0 levels while Krw1025.9 caps. Bulls need a close above Krw1025.9 to confirm an easing of bearish pressure and see focus shift to Krw1034.4 with a break above this level confirming a break of the 55-DMA.
RES 4: Krw1034.4 – Low Apr 17 now resistance
RES 3: Krw1030.1 – Previous 2014 low Apr 30 now resistance
RES 2: Krw1025.9 – High June 3
RES 1: Krw1020.3 – 21-DMA
LPRICE: Krw1018.1
SUP 1: Krw1015.5 – 2014 low June 10, Bollinger band base
SUP 2: Krw995.6 – Monthly low July 10 2008
SUP 3: Krw971.3 – Monthly Low Apr 7 2008
SUP 4: Krw955.9 – Low Mar 7 2008
The 55-DMA confirmed its significance as initial resistance last week with the rally from 2014 lows coming to an end just short of the 55-DMA. The move lower re-confirmed bearish pressure with bears focused on 2014 lows. Bulls now need a close above the 21-DMA to ease bearish pressure a little with a close above Myr3.2410 still needed to confirm a break of key resistance and see immediate focus shift to the 200-DMA
RES 4: Myr3.2410 – High June 4
RES 3: Myr3.2324 – 55-DMA
RES 2: Myr3.2300 – Alternating daily support/resistance
RES 1: Myr3.2196 – 21-DMA
LPRICE: Myr3.2121
SUP 1: Myr3.2070 – Low June 12
SUP 2: Myr3.2010 – Low June 11
SUP 3: Myr3.1940 – 2014 Low June 9
SUP 4: Myr3.1868 – Weekly Bollinger band base
Following the bounce from the Cnh6.2035 level USD/CNH has remained capped ahead of the 21-DMA with the 55-DMA also capping the latter half of last week. The 21-DMA remains key resistance with bulls needing a close above to end bearish hopes and see focus shift back to the Cnh6.2632-6.2714 region. Bears now look for a close below last Tuesday’s Cnh6.2179 low to reconfirm bearish pressure and shift immediate focus to the 100-DMA.
RES 4: Cnh6.2865 – Low Oct 9 2012 now resistance
RES 3: Cnh6.2714 – 2014 high Apr 30
RES 2: Cnh6.2632 – High June 5
RES 1: Cnh6.2339 – 21-DMA
LPRICE: Cnh6.2304
SUP 1: Cnh6.2179 – Low June 17
SUP 2: Cnh6.2035 – Low June 13
SUP 3: Cnh6.1878 – 100-DMA
SUP 4: Cnh6.1850 – Low Apr 9
USD/PHP drifted a little higher on Tuesday taking out the previous initial resistance at Php43.850 with bulls look for a close above Php43.960 to confirm an easing of bearish pressure. The Php44.094-44.166 region remains key resistance for the pair with bulls needing a close above to confirm a break of the 200-DMA and shift overall focus higher to the Php44.790 Apr 25 high. Bears continue to look for a close below Php43.730 to reconfirm focus on 2014 lows.
RES 4: Php44.320 – High May 7
RES 3: Php44.166 – 200-DMA
RES 2: Php44.094 – 55-DMA
RES 1: Php43.960 – Low June 18 now resistance
LPRICE: Php43.862
SUP 1: Php43.730 – Low June 20
SUP 2: Php43.575 – Bollinger band base
SUP 3: Php43.510 – 2014 Low June 9
SUP 4: Php43.470 – Low Nov 14 2013
USD/THB continues to oscillate around the 100-DMA as daily studies correct back to more neutral levels. The 21-DMA remains key resistance with bulls needing to see a close above to confirm an easing of bearish pressure and see focus shift back to the Thb32.73-90 region. Bears look for a close below the Thb32.29 support to confirm bearish pressure and target the Thb32.18-22 region.
RES 4: Thb32.90 – High June 2
RES 3: Thb32.82 – Bollinger band top
RES 2: Thb32.73 – Previous daily support now resistance
RES 1: Thb32.52 – 21-DMA
LPRICE: Thb32.40
SUP 1: Thb32.29 – Low May 5
SUP 2: Thb32.22 – Bollinger band base
SUP 3: Thb32.21 – 200-DMA
SUP 4: Thb32.18 – Low Apr 24
