AUD/USD: Shift in focus targets April highs. Close above the key $1.0220 level sees focus on a higher levels targeting the $1.0469 April monthly highs with a close back below the $1.0150 level needed to shift immediate focus back to the parity region. The 200 day MA is capping for now but with daily tech studies having worked off their previously o/b condition the AUD is well placed for higher levels.
RES 4: $1.0371 – 61.8% retracement of $1.0856-0.9584 move
RES 3: $1.0285 – 21 day upper Bollinger band
RES 2: $1.0275 – 100 day moving average
RES 1: $1.0251 – 200 day moving average
LATEST PRICE: 1.0245
SUP 1: $1.0158 – Hourly support June 29
SUP 2: $0.9972 – Low June 25
SUP 3: $0.9923 – Low June 14
SUP 4: $0.9823 – Low June 8
AUD/JPY: Focus now on tests of key resistance. The close above the 200 day MA fell just short of the 100 week MA but sets the pair up for a test of the key Jpy80.50-85 resistance region with the 100 day MA noted at Jpy82.82. A close back below the Jpy80.69 hourly support is needed to shift immediate focus away from tests of the key resistance region.
RES 4: Jpy84.81 – High April 13
RES 3: Jpy82.74 – Ichimoku cloud top
RES 2: Jpy82.51 – Previous daily support now resistance
RES 1: Jpy81.97 – 100 week moving average
LATEST PRICE: 81.76
SUP 1: Jpy80.69 – Hourly support June 29
SUP 2: Jpy79.33 – Low June 25
SUP 3: Jpy78.10 – Low June 12
SUP 4: Jpy77.73 – Low June 8
NZD/USD: Takes out key moving averages topside. Key moving averages taken out and a close above the 200 day MA sees the NZD sitting just below the $0.8060-80 resistance region. Stops are noted above and focus has shifted to a break higher that sees the $0.8235-0.8320 region targeted while $.0.7842 supports. A close back below $0.7842 shifts focus back to 2012 lows.
RES 4: $0.8317 – High April 13
RES 3: $0.8235 – High April 30
RES 2: $0.8083 – 61.8% retracement of $0.8461-0.7461 move
RES 1: $0.8061 – Previous daily support now resistance
LATEST PRICE: 0.8013
SUP 1: $0.7963 – Hourly support June 29
SUP 2: $0.7842 – Low June 28
SUP 3: $0.7804 – 21 day moving average
SUP 4: $0.7791 – Hourly support June 14
USD/KRW: Significant technical break lower. With the key support in the Krw1144-1148 region taken out the immediate focus shifts to tests of the Krw1120-25 region. It is worth noting that Fridays close was the first below the 200 day MA since Sept 2011 which adds technical significance to the close. Overall focus now shifts to tests of the Oct 2011 monthly lows at Krw1100.2.
RES 4: Krw1186.7 – 2012 High June 4
RES 3: Krw1165.2 – High June 18
RES 2: Krw1160.4 – High June 28
RES 1: Krw1147.7 – Previous daily support now resistance
LATEST PRICE: 1145.5
SUP 1: Krw1125.1 – Low May 2
SUP 2: Krw1120.0 – Low Mar 19
SUP 3: Krw1112.8 – Low Mar 2
SUP 4: Krw1100.2 – Monthly Low Oct 31
USD/SGD: Focus shifts back to 2012 lows. The move higher came to an abrupt end with the close below the Sgd1.2750 level and the 200 day MA (Sgd1.2720) seeing the focus shift back to 2012 lows. Immediate pressure remains on key support at Sgd1.2649 with stops noted below. Daily tech studies are no longer oversold and are well placed for another move lower.
RES 4: Sgd1.2970 – Monthly high June 1
RES 3: Sgd1.2922 – 21 day upper Bollinger band
RES 2: Sgd1.2888 – High June 8
RES 1: Sgd1.2750 – Previous hourly support now resistance
LATEST PRICE: 1.2669
SUP 1: Sgd1.2649 – Monthly low June 19
SUP 2: Sgd1.2621 – 100 day moving average
SUP 3: Sgd1.2546 – Low May 15
SUP 4: Sgd1.2447 – Low May 8
EasyForexNews Research Team