AUD/USD: 21 day lower Bollinger comes into play. The correction from the $1.0540-45 region continues with the pair trading at fresh 4 week lows to end last week. The initial focus remains on tests of the 200 day MA and then the 100 day MA until the AUD/USD can manage a close back above the $1.0540-45 region that capped last weeks rally. 21 day lower Bollinger ($1.0400) may slow the move lower.
RES 4: $1.0607- 21 day upper Bollinger band
RES 3: $1.0578 – High Aug 10
RES 2: $1.0544 – High Aug 23
RES 1: $1.0444 – High Aug 24
LATEST PRICE: 1.0404
SUP 1: $1.0301 – 200 day moving average
SUP 2: $1.0207 – 100 day moving average
SUP 3: $1.0180 – Low July 25
SUP 4: $1.0101 – Low July 12
NZD/USD: Aug 15 lows remain key support. The Kiwi continues to dip below the 21 day MA after last week’s spike was capped ahead of the 21 day upper Bollinger. The August 15 low remains initial support with stops noted below as well as above the $0.8235 April 30 highs. Daily techs are correcting from mildly oversold levels and are now back at more neutral levels.
RES 4: $0.8317 – High April 13
RES 3: $0.8235 – High April 30
RES 2: $0.8189 – 21 day upper Bollinger band
RES 1: $0.8186 – High Aug 23
LATEST PRICE: 0.8111
SUP 1: $0.8038 – Low Aug 15
SUP 2: $0.7992 – Low July 27
SUP 3: $0.7985 – 200 day moving average
SUP 4: $0.7946 – 100 day moving average
AUD/JPY: 100 day MA now initial focus. The AUD/JPY continued the move lower Friday with a dip below the 200 day MA and fresh 4 week lows seen as a result, with back above the 21 day moving average (Jpy82.60) needed to shift focus back to the Jpy83.50-60 region. Initial focus now turns to tests of the 100 day MA and then the July monthly lows beneath.
RES 4: Jpy84.53 – High April 27
RES 3: Jpy83.56 – High Aug 21
RES 2: Jpy82.84 – High Aug 23
RES 1: Jpy82.12 – High Aug 24
LATEST PRICE: 81.85
SUP 1: Jpy81.50 – Low Aug 24
SUP 2: Jpy81.28 – Hourly support July 27
SUP 3: Jpy81.13 – 100 day moving average
SUP 4: Jpy79.56 – Monthly low July 25
USD/KRW: Familiar range remains in play. The USD/KRW continues to remain confined to recent ranges with the Aug 9 lows remaining key support and stops noted below. Topside the pair has to deal with initial resistance in the Krw1137.7-1141.9 region with the 200 day MA noted at Krw1141.9. A break higher sees the Krw1158-1165 region become the focus.
RES 4: Krw1158.1 – High July 12
RES 3: Krw1148.7 – Ichimoku cloud base
RES 2: Krw1141.9 – 200 day moving average
RES 1: Krw1137.7 – High Aug 3
LATEST PRICE: 1134.6
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: Broad range trading to continue. Whippy price action last week has seen 21 day Bollinger bands flatten out which suggests further sideways trading within a Sgd1.2405-1.2538 range for the time being. A break higher would see the 100 day MA back into focus while a break lower sees the 2012 lows become the focal point once more.
RES 4: Sgd1.2673 – 200 day moving average
RES 3: Sgd1.2644 – High July 25
RES 2: Sgd1.2607 – 100 day moving average
RES 1: Sgd1.2549 – High Aug 20
LATEST PRICE: 1.2507
SUP 1: Sgd1.2433 – Low Aug 23
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