AUD/USD: Dips below 21 day moving average. The AUD/USD has extended the sequence of lower highs and lows, dipping below the 21 day MA for the first time in a month with the Aug 2 lows remaining somewhat pivotal. Back below $1.0436 sees focus shift back to tests of 200 and 100 day moving averages and then July monthly lows. Daily techs studies are now heading lower with plenty of
room to move.
RES 4: $1.0670 – 21 day upper Bollinger band
RES 3: $1.0635 – High March 19
RES 2: $1.0578 – High Aug 10
RES 1: $1.0542 – High Aug 14
LATEST PRICE: 1.0505
SUP 1: $1.0462 – 21 day moving average
SUP 2: $1.0436 – Low Aug 2
SUP 3: $1.0382 – Hourly support July 26
SUP 4: $1.0290 – 200 day moving average
NZD/USD: Lower daily highs and lows continue. Daily tech studies continue to correct from o/b levels and are now back at more neutral levels. Following the break to fresh monthly lows initial focus remains on the $0.7951-71 region where key 100 and 200 day moving averages await. Topside $0.8235 remains key with above needed to shift focus back to retests of the 2012 highs.
RES 4: $0.8317 – High April 13
RES 3: $0.8235 – High April 30
RES 2: $0.8166 – High Aug 8
RES 1: $0.8114 – High Aug 14
LATEST PRICE: 0.8059
SUP 1: $0.7992 – Low July 27
SUP 2: $0.7971 – 200 day moving average
SUP 3: $0.7951 – 100 day moving average
SUP 4: $0.7813 – Monthly low July 25
AUD/JPY: Continues to consolidate move higher. Sideways trading within a Jpy82.24-83.36 range continues as the pair consolidates. Above the Jpy82.36-50 region is needed to retain focus on retests of the Jpy84.53-81 region while a move back below the 21 day MA likely sees the 200 day MA retested and focus shifted lower to retests of the July monthly lows.
RES 4: Jpy86.81 – High April 2
RES 3: Jpy84.81 – High April 23
RES 2: Jpy84.53 – High April 27
RES 1: Jpy83.36 – High Aug 9
LATEST PRICE: 82.85
SUP 1: Jpy82.04 – 21 day moving average
SUP 2: Jpy81.57 – Low Aug 1
SUP 3: Jpy81.49 – 200 day moving average
SUP 4: Jpy81.25 – Hourly support July 27
USD/KRW: Bounces a little, narrow ranges remain. Narrow ranges continue to dominate with daily tech studies correcting as the pair bounces ever so slightly from the Krw1125 level. Above the 200 day MA is needed to shift focus away from retests of 2012 lows and back towards the Krw1153.2-1165.2 region with the Ichimoku cloud base now coming in around Krw1153.2 today.
RES 4: Krw1165.2 – High June 18
RES 3: Krw1158.1 – High July 12
RES 2: Krw1153.2 – Ichimoku cloud base
RES 1: Krw1141.9 – 200 day moving average
LATEST PRICE: 1131.7
SUP 1: Krw1124.8 – Low Aug 9
SUP 2: Krw1122.0 – 100 week moving average
SUP 3: Krw1112.8 – 2012 Low Mar 2
SUP 4: Krw1092.5 – Low Sept 14
USD/SGD: Correction underway. The correction inspired by the o/s daily tech studies is underway with the Sgd1.2514-38 region being closely watched. Above this region sees initial focus shift higher to the July 25 highs and then the 200 day moving average (Sgd1.2685) above. Failure at the Sgd1.2514-38 hurdle ensures focus remains on 2012 low retests.
RES 4: Sgd1.2644 – High July 25
RES 3: Sgd1.2612 – 100 day moving average
RES 2: Sgd1.2538 – Hourly resistance July 27
RES 1: Sgd1.2514 – High Aug 2
LATEST PRICE: 1.2497
SUP 1: Sgd1.2435 – Low Aug 13
SUP 2: Sgd1.2400 – Low Aug 6
SUP 3: Sgd1.2349 – 2012 Low April 30
SUP 4: Sgd1.2283 – Monthly low Sept 2011
EasyForexNews Research Team