AUD/USD: Pressure remains on initial support. The $1.0540-45 region capped the bounce perfectly and remains the pivot point with a close above needed to shift focus higher. For now initial focus remains on retests of the 200 day moving average ($1.0299). Aug 17 lows remain initial support with stops noted below. The lower 21 day Bollinger comes in at 1.0397 and may slow the move
lower.
RES 4: $1.0635 – High March 19
RES 3: $1.0608- 21 day upper Bollinger band
RES 2: $1.0578 – High Aug 10
RES 1: $1.0544 – High Aug 23
LATEST PRICE: 1.0438
SUP 1: $1.0412 – Low Aug 17
SUP 2: $1.0382 – Hourly support July 26
SUP 3: $1.0299 – 200 day moving average
SUP 4: $1.0206 – 100 day moving average
NZD/USD: Break higher lacked follow through. Stops above the Aug 8 highs were taken out yesterday but the move lacked follow through with further dips below the 21 day moving average ($0.8109) expected to continue. A close below is needed to hint at a break lower while a close below the Aug 15 lows would confirm and see focus on the $0.7947-82 region.
RES 4: $0.8317 – High April 13
RES 3: $0.8235 – High April 30
RES 2: $0.8195 – 21 day upper Bollinger band
RES 1: $0.8186 – High Aug 21
LATEST PRICE: 0.8128
SUP 1: $0.8038 – Low Aug 15
SUP 2: $0.7992 – Low July 27
SUP 3: $0.7980 – 200 day moving average
SUP 4: $0.7947 – 100 day moving average
AUD/JPY: 200 day MA now initial focus. The AUD/JPY has taken out the 21 day MA and the Aug 13 lows with initial focus on a test of the 200 day MA and then the July monthly lows beneath. Topside the pair needs to close above the Aug 21 highs to see focus swing back to the Jpy84.53-81 region. Lower 21 day Bollinger at Jpy81.53 adds an additional layer of support.
RES 4: Jpy84.81 – High April 23
RES 3: Jpy84.53 – High April 27
RES 2: Jpy83.56 – High Aug 21
RES 1: Jpy82.84 – High Aug 24
LATEST PRICE: 81.93
SUP 1: Jpy81.57 – Low Aug 1
SUP 2: Jpy81.60 – 200 day moving average
SUP 3: Jpy81.28 – Hourly support July 27
SUP 4: Jpy81.15 – 100 day moving average
USD/KRW: Initial support holds again. The Krw1125 region supported nicely once again as it looks as though the pair is content to continue to trade sideways within a Krw1124.8-1137.7 range. A break higher would see the pivotal 200 day moving average come back into focus while a break lower sees the 2012 lows become the focal point. Daily tech studies remain largely neutral.
RES 4: Krw1158.1 – High July 12
RES 3: Krw1149.5 – Ichimoku cloud base
RES 2: Krw1142.0 – 200 day moving average
RES 1: Krw1137.7 – High Aug 3
LATEST PRICE: 1130.7
SUP 1: Krw1124.8 – Low Aug 9
SUP 2: Krw1121.8 – 100 week moving average
SUP 3: Krw1112.8 – 2012 Low Mar 2
SUP 4: Krw1092.5 – Low Sept 14
USD/SGD: August monthly lows remain targeted. The USD/SGD is largely unchanged from the NY close yesterday despite a sharp move below the 21 day moving average (Sgd1.2471). Initial focus remains on lower levels, initially the recent Aug monthly lows and then the 2012 lows below that, as daily tech studies continue to look to turn lower.
RES 4: Sgd1.2673 – 200 day moving average
RES 3: Sgd1.2644 – High July 25
RES 2: Sgd1.2608 – 100 day moving average
RES 1: Sgd1.2549 – High Aug 20
LATEST PRICE: 1.2477
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 – Weekly low Sept 12
EasyForexNews Research Team