AUD/USD: Aug 14 highs pivotal resistance. The bounce in the AUD/USD fell short of the Aug 14 highs with above this level still needed to see focus shift back to retests of 2012 highs. For now focus remains on a move lower that retests the 200 day moving average. Daily tech studies have worked off their previously overbought condition and are at more neutral levels.
RES 4: $1.0659 – 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: 1.0479
SUP 1: $1.0470 – Alternating Hourly support/resistance Aug 20
SUP 2: $1.0382 – Hourly support July 26
SUP 3: $1.0293 – 200 day moving average
SUP 4: $1.0200 – 100 day moving average
NZD/USD: 21 day moving average supports. The 21 day moving average ($0.8084) continues to support the Kiwi with back above the Aug 8 highs needed to see focus swing back to retests of April 30 highs. For now focus remains on retests of the 200 and 100 day moving averages seen coming in around the $0.7947-0.7977 region.
RES 4: $0.8317 – High April 13
RES 3: $0.8235 – High April 30
RES 2: $0.8166 – High Aug 8
RES 1: $0.8143 – High Aug 21
LATEST PRICE: 0.8107
SUP 1: $0.8038 – Low Aug 15
SUP 2: $0.7992 – Low July 27
SUP 3: $0.7977 – 200 day moving average
SUP 4: $0.7947 – 100 day moving average
AUD/JPY: Fresh highs lacked follow through. Marginally fresh 4 month highs overnight lacked follow through with the pair looking a little tired topside. For now the AUD/JPY needs to head back below the 21 day moving average to shift focus lower and back to retests of the 200 day moving average. The upper 21 day Bollinger band (Jpy84.08) is expected to slow the move higher.
RES 4: Jpy86.81 – High April 2
RES 3: Jpy84.81 – High April 23
RES 2: Jpy84.53 – High April 27
RES 1: Jpy83.56 – High Aug 21
LATEST PRICE: 83.06
SUP 1: Jpy82.25 – 21 day moving average
SUP 2: Jpy81.57 – Low Aug 1
SUP 3: Jpy81.55 – 200 day moving average
SUP 4: Jpy81.28 – Hourly support July 27
USD/KRW: Aug 3 highs continue to cap. The Aug 3 highs continue to cap the correction off the Krw1125 level with the pair needing to close above the 200 day MA to ease the pressure on lower levels. Stops remain below the Aug 9 lows and the 100 week moving average with a break below targeting 2012 lows. Daily tech studies are no longer an issue and are back at more neutral levels.
RES 4: Krw1158.1 – High July 12
RES 3: Krw1150.0 – Ichimoku cloud base
RES 2: Krw1142.0 – 200 day moving average
RES 1: Krw1137.7 – High Aug 3
LATEST PRICE: 1131.3
SUP 1: Krw1124.8 – Low Aug 9
SUP 2: Krw1121.9 – 100 week moving average
SUP 3: Krw1112.8 – 2012 Low Mar 2
SUP 4: Krw1092.5 – Low Sept 14
USD/SGD: 21 day moving average supports. The sequence of higher highs and lows has come to an end as the pair found support just ahead of the 21 day MA. We look for a close back below the 21 day MA to shift focus lower and away from a test of the 100 day MA. Daily tech studies have corrected their previously oversold condition and are now at more neutral levels.
RES 4: Sgd1.2680 – 200 day moving average
RES 3: Sgd1.2644 – High July 25
RES 2: Sgd1.2611 – 100 day moving average
RES 1: Sgd1.2549 – High Aug 20
LATEST PRICE: 1.2501
SUP 1: Sgd1.2482 – 21 day moving average
SUP 2: Sgd1.2435 – Low Aug 13
SUP 3: Sgd1.2400 – Low Aug 6
SUP 4: Sgd1.2349 – 2012 Low April 30
EasyForexNews Research Team