AUD/USD: 21 day upper Bolli tests to continue. The pair continues to test the sharply rising 21 day upper Bollinger band with the Mar 19 highs the initial focus and then the 2012 highs from Feb 29 above that. The $1.0435-40 region confirmed itself as decent support last week and we will look for a close below to shift focus back to retests of the July monthly lows around $1.0100.
RES 4: $1.0856 – 2012 high Feb 29
RES 3: $1.0690 – High March 6
RES 2: $1.0635 – High March 19
RES 1: $1.0585 – 21 day upper Bollinger band
LATEST PRICE: 1.0563
SUP 1: $1.0498 – Hourly support Aug 3
SUP 2: $1.0436 – Low Aug 2
SUP 3: $1.0382 – Hourly support July 26
SUP 4: $1.0339 – 21 day moving average
NZD/USD: Oscillation around upper Bolli to continue. Friday’s close above the rising 21 day upper Bollinger band ($0.8167) suggests the trend is getting a little ahead of itself so expect further oscillation around the band and avoid chasing higher. Overall focus remains on retests of 2012 highs until the Kiwi can manage to close back below the $0.8069 low from last week.
RES 4: $0.8469 – 2012 high Feb 29
RES 3: $0.8405 – High Mar 1
RES 2: $0.8317 – High April 13
RES 1: $0.8235 – High April 30
LATEST PRICE: 0.8190
SUP 1: $0.8128 – Hourly support Aug 3
SUP 2: $0.8069 – Low Aug 1
SUP 3: $0.7992 – Low July 27
SUP 4: $0.7965 – 200 day moving average
AUD/JPY: Bullish close to end last week. The pair finally spiked through the now rising 21 day upper Bollinger band (Jpy82.84) closing marginally above as initial focus remains on tests of the Jpy84.50-80 region last seen back in April. Layers of resistance are noted in the Jpy81.25-57 region and a close below is needed to shift overall focus back to retests of July lows.
RES 4: Jpy87.57 – High Mar 27
RES 3: Jpy86.81 – High April 2
RES 2: Jpy84.81 – High April 23
RES 1: Jpy84.53 – High April 27
LATEST PRICE: 82.91
SUP 1: Jpy82.28 – Hourly support Aug 3
SUP 2: Jpy81.57 – Low Aug 1
SUP 3: Jpy81.41 – 200 day moving average
SUP 4: Jpy81.25 – Hourly support July 27
USD/KRW: Key support to be tested this week. The May 2 lows are in danger this week as are the stops that are lurking below, as the pair continues to focus on retests of 2012 lows last seen back in early March. Topside the pair needs to close back above the July 12 highs to end the move lower and shift initial focus back towards the June monthly highs at Krw1186.9.
RES 4: Krw1165.2 – High June 18
RES 3: Krw1158.1 – High July 12
RES 2: Krw1155.9 – Ichimoku cloud base
RES 1: Krw1141.4 – 200 day moving average
LATEST PRICE: 1127.0
SUP 1: Krw1125.1 – Low May 2
SUP 2: Krw1122.7 – 100 week moving average
SUP 3: Krw1112.8 – 2012 Low Mar 2
SUP 4: Krw1092.5 – Low Sept 14
USD/SGD: Very bearish close to end last week. So much for bullish outside key reversals as USD/SDG followed up Friday with a very bearish close and fresh 3 month lows in the process. Focus firmly remains on retests of the 2012 lows and then the key psychological support at Sgd1.2000. Topside a close above the Aug 2 highs is now needed to hint at a change in focus back towards July 25 highs.
RES 4: Sgd1.2644 – High July 25
RES 3: Sgd1.2575 – 21 day moving average
RES 2: Sgd1.2538 – Hourly resistance July 27
RES 1: Sgd1.2514 – High Aug 2
LATEST PRICE: 1.2420
SUP 1: Sgd1.2396 – 21 day lower Bollinger band
SUP 2: Sgd1.2349 – 2012 Low April 30
SUP 3: Sgd1.2283 – Monthly low Sept 2011
SUP 4: Sgd1.2000 – Key psychological support
EasyForexNews Research Team