The recent failed attempts at the 21-DMA resulted fresh 2014 and 4 year lows with the AUD/USD currently pausing at the Bollinger band base ($0.8518).
Layers of resistance accumulated with bulls needing a close above $0.8652 to ease bearish pressure whereas a close above $0.8723 is needed to confirm breaks of the 21-DMA and falling daily trend line, shifting focus back to the $0.8911 Oct monthly high. Immediate focus shifts to the $0.8317 July 2010 monthly low.
RES 4: $0.8723 – High Nov 21
RES 3: $0.8652 – Alternating hourly support/resistance
RES 2: $0.8623 – Hourly resistance Nov 25
RES 1: $0.8566 – Low Nov 20 now resistance
LPRICE: $0.8540
SUP 1: $0.8514 – 2014 Low Nov 25
SUP 2: $0.8317 – Monthly Low July 1 2010
SUP 3: $0.8084 – Monthly Low June 8 2010
SUP 4: $0.8068 – 2010 Low May 25 2010
RES 3: $0.8652 – Alternating hourly support/resistance
RES 2: $0.8623 – Hourly resistance Nov 25
RES 1: $0.8566 – Low Nov 20 now resistance
LPRICE: $0.8540
SUP 1: $0.8514 – 2014 Low Nov 25
SUP 2: $0.8317 – Monthly Low July 1 2010
SUP 3: $0.8084 – Monthly Low June 8 2010
SUP 4: $0.8068 – 2010 Low May 25 2010
Recent failed attempts to close above the 55-DMA have resulted in a move to fresh 2 week lows that now sees focus shift back to the $0.7660-0.7712 region where 2014 lows and the Bollinger band base are located. Bulls now need a close above $0.7882 to confirm a break back above the 21-DMA and an easing of bearish pressure with a close above the 55-DMA then needed to shift immediate focus to the $0.7980-0.8039 region where Oct & Nov monthly highs are located.
RES 4: $0.7946 – High Nov 21
RES 3: $0.7911 – 55-DMA
RES 2: $0.7882 – Hourly resistance Nov 24
RES 1: $0.7840 – Hourly resistance Nov 25
LPRICE: $0.7815
SUP 1: $0.7766 – Low Nov 25
SUP 2: $0.7712 – Low Nov 11
SUP 3: $0.7689 – Bollinger band base
SUP 4: $0.7660 – 2014 Low Nov 7
RES 3: $0.7911 – 55-DMA
RES 2: $0.7882 – Hourly resistance Nov 24
RES 1: $0.7840 – Hourly resistance Nov 25
LPRICE: $0.7815
SUP 1: $0.7766 – Low Nov 25
SUP 2: $0.7712 – Low Nov 11
SUP 3: $0.7689 – Bollinger band base
SUP 4: $0.7660 – 2014 Low Nov 7
After having traded sideways in a NZ$1.0935-1.1023 range Tuesday’s break lower looks like resulting in the first close below the 200-DMA (NZ$1.0916) since July. O/S daily studies and the Bollinger band base remain key concerns for bears but bulls now need a close above NZ$1.0987 to confirm an easing of bearish pressure with a close above NZ$1.1024 needed to shift focus to the NZ$1.1092-1.1175 region. Below the 200-DMA shifts focus back to 2014 lows.
RES 4: NZ$1.1046 – 100-DMA
RES 3: NZ$1.1023 – High Nov 19
RES 2: NZ$1.0987 – High Nov 25
RES 1: NZ$1.0938 – Hourly support Nov 25 now resistance
LPRICE: NZ$1.0917
SUP 1: NZ$1.0882 – Bollinger band base
SUP 2: NZ$1.0848 – Falling trend line support projection
SUP 3: NZ$1.0824 – Low July 23
SUP 4: NZ$1.0767 – Low July 18
RES 4: NZ$1.1046 – 100-DMA
RES 3: NZ$1.1023 – High Nov 19
RES 2: NZ$1.0987 – High Nov 25
RES 1: NZ$1.0938 – Hourly support Nov 25 now resistance
LPRICE: NZ$1.0917
SUP 1: NZ$1.0882 – Bollinger band base
SUP 2: NZ$1.0848 – Falling trend line support projection
SUP 3: NZ$1.0824 – Low July 23
SUP 4: NZ$1.0767 – Low July 18
Recent signs that cracks were appearing in the uptrend were on the money with the close below Y101.23 seeing immediate focus shift to the Y99.33-100.06 region and overall focus shifting to the Y98.05 Nov low so far. Layers of resistance have accumulated with bulls now needing a close above Y101.48 to confirm an easing of the renewed bearish pressure. Overall bulls need a close above Y102.00 to shift focus back to 2014 highs.
RES 4: Y102.87 – 2014 High Nov 21
RES 3: Y102.48 – High Nov 24
RES 2: Y102.00 – High Nov 25
RES 1: Y101.48 – Hourly resistance Nov 25
LPRICE: Y100.67
SUP 1: Y100.06 – Low Nov 12
SUP 2: Y99.84 – 21-DMA
SUP 3: Y99.71 – Previous 2014 high now support
SUP 4: Y99.33 – High Nov 7 now support
RES 4: Y102.87 – 2014 High Nov 21
RES 3: Y102.48 – High Nov 24
RES 2: Y102.00 – High Nov 25
RES 1: Y101.48 – Hourly resistance Nov 25
LPRICE: Y100.67
SUP 1: Y100.06 – Low Nov 12
SUP 2: Y99.84 – 21-DMA
SUP 3: Y99.71 – Previous 2014 high now support
SUP 4: Y99.33 – High Nov 7 now support
The roller coaster ride continues with yet another bounce from the A$1.4184-1.4208 region confirming the significance of this support region. The close above the 200-DMA (A$1.4601) is the first since April with immediate focus now on the A$1.4654-1.4707 region with overall focus having shifted to the A$1.5025 Apr monthly high. Bears now need a close below A$1.4544 to ease bullish pressure and below A$1.4425 to target the key support A$1.4184-1.4208.
RES 4: A$1.4777 – High May 26
RES 3: A$1.4744 – 55-WMA
RES 2: A$1.4706 – Monthly High Oct 16
RES 1: A$1.4654 – High Oct 17
LPRICE: A$1.4625
SUP 1: A$1.4610 – Hourly support Nov 25
SUP 2: A$1.4544 – Hourly support Nov 25
SUP 3: A$1.4425 – Low Nov 25
SUP 4: A$1.4358 – 100-DMA
RES 4: A$1.4777 – High May 26
RES 3: A$1.4744 – 55-WMA
RES 2: A$1.4706 – Monthly High Oct 16
RES 1: A$1.4654 – High Oct 17
LPRICE: A$1.4625
SUP 1: A$1.4610 – Hourly support Nov 25
SUP 2: A$1.4544 – Hourly support Nov 25
SUP 3: A$1.4425 – Low Nov 25
SUP 4: A$1.4358 – 100-DMA