AUD/USD: $1.0155-60 region key support. The pair remains heavy with the $1.0155-60 region confirmed as key support with the rising daily TL off 2012 lows also seen supporting here yesterday. Stops are noted below the $1.0150 level. The 100 day MA ($1.0142) roughly capped yesterday with above $1.0245 needed to see focus shift back to retests of trend highs.
RES 4: $1.0469 – Monthly high April 30
RES 3: $1.0371 – 61.8% retracement of $1.0856-0.9584 move
RES 2: $1.0330 – High July 5
RES 1: $1.0245 – High July 10
LATEST PRICE: 1.0205
SUP 1: $1.0158 – Hourly support June 29
SUP 2: $1.0132 – 21 day moving average
SUP 3: $0.9972 – Low June 25
SUP 4: $0.9916 – 21 day lower Bollinger band
NZD/USD: 100 day MA seen as pivotal resistance. The NZD has put in a double daily bottom just ahead of the 21 day MA but needs to close above the 100 day moving average to remove the initial focus from tests of the $0.7842 level and then 2012 lows beneath. Correcting overbought daily tech studies and waning daily momentum are adding weight to the bearish case
RES 4: $0.8235 – High April 30
RES 3: $0.8097 – 21 day upper Bollinger band
RES 2: $0.8083 – 61.8% retracement of $0.8461-0.7461 move
RES 1: $0.8003 – 100 day moving average
LATEST PRICE: 0.7953
SUP 1: $0.7929 – 21 day moving average
SUP 2: $0.7842 – Low June 28
SUP 3: $0.7760 – 21 lower Bollinger band
SUP 4: $0.7671 – Low June 12
AUD/JPY: Break below 21 day MA favoured. The initial focus remains on tests and an eventual break of the 21 day MA following the close back below the 200 day MA. Below the 21 day MA would see initial focus shift to tests of June 25 lows. The Jpy82.50-70 region remains key resistance with a break above needed to kick start topside momentum and see focus shift to tests of 2012 highs
RES 4: Jpy84.81 – High April 13
RES 3: Jpy82.61 – 100 day moving average
RES 2: Jpy82.51 – Previous daily support now resistance
RES 1: Jpy81.50 – Hourly resistance July 9
LATEST PRICE: 81.23
SUP 1: Jpy80.63 – 21 day moving average
SUP 2: Jpy79.33 – Low June 25
SUP 3: Jpy78.69 – 21 day lower Bollinger band
SUP 4: Jpy77.73 – Low June 8
USD/SGD: Closely watching 21 day moving average. USD/SGD needs to close back above the 21 day moving average that is currently thwarting the recovery from the double daily bottom in the Sgd1.2605-10 region. Above the 21 day MA would see initial
focus shift back to the upper end of the favoured Sgd1.2610-1.2890 range for this week and then June monthly highs above.
RES 4: Sgd1.2970 – Monthly high June 1
RES 3: Sgd1.2888 – High June 8
RES 2: Sgd1.2850 – 21 day upper Bollinger band
RES 1: Sgd1.2726 – 21 day moving average
LATEST PRICE: 1.2685
SUP 1: Sgd1.2653 – Low July 10
SUP 2: Sgd1.2607 – Low July 5
SUP 3: Sgd1.2546 – Low May 15
SUP 4: Sgd1.2447 – Low May 8
EasyForexNews Research Team