AUD/USD: Initial focus remains on 200 day MA. Minor new 4 week lows again for the pair as it continues to pause in the $1.0370/75 region. Back above recent Aug 24 highs is needed to hint at bounce back towards the Aug 10 highs but for now focus remains on tests of the 200 day moving average. The now falling 21 day lower Bollinger ($1.0400) appears to be slowing the move lower.
RES 4: $1.0614- 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: 1.0384
SUP 1: $1.0374 – Low Aug 27
SUP 2: $1.0301 – 200 day moving average
SUP 3: $1.0207 – 100 day moving average
SUP 4: $1.0180 – Low July 25
NZD/USD: Closes below 21 day moving average. The Kiwi finally looks set for a sub 21 day MA close ($0.8113) but the Aug 15 lows remain the key support. Below sees the 200 day MA and 100 day MA come into focus while back above Aug 21 highs is needed to hint at a return to higher levels. The 21 day lower Bollinger band at $0.8038 should prevent too much immediate downside.
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: 0.8095
SUP 1: $0.8038 – Low Aug 15
SUP 2: $0.7992 – Low July 27
SUP 3: $0.7988 – 200 day moving average
SUP 4: $0.7945 – 100 day moving average
AUD/JPY: Hesitating at 200 day MA. The pair is hesitating at the 200 day MA (Jpy81.61) with a close below needed to keep focus on retests of July monthly lows. Back above the 21 day moving average is needed to see initial focus return to tests of the now key Jpy83.56 resistance level. It is also worth noting that the pair is looking comfortable below the 100 week MA (Jpy82.29).
RES 4: Jpy83.56 – High Aug 21
RES 3: Jpy82.84 – High Aug 23
RES 2: Jpy82.57 – 21 day moving average
RES 1: Jpy82.12 – High Aug 24
LATEST PRICE: 81.74
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: Fails to break higher. The almost month long Krw1125-40 remains in play with stops noted either side and also above the 200 day moving average. Topside the pair has to deal with initial resistance in the Krw1137.7-1141.9 region with the Aug monthly lows at Krw1124.8 seen as key resistance. A break lower sees focus firmly on retests of 2012 lows.
RES 4: Krw1158.1 – High July 12
RES 3: Krw1149.3 – Ichimoku cloud base
RES 2: Krw1141.9 – 200 day moving average
RES 1: Krw1137.7 – High Aug 3
LATEST PRICE: 1135.5
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: Tech studies starting to look tired. USD/SGD is little changed on the day and looks set for further sideways trading within a Sgd1.2405-1.2538 range for the week. The flat lower 21 day Bollinger band at Sgd1.2404 adds further support to the August monthly lows also at this level. Daily tech studies are starting to look a little tired which may see the pair back below the 21 day MA (Sgd1.2473).
RES 4: Sgd1.2668 – 200 day moving average
RES 3: Sgd1.2644 – High July 25
RES 2: Sgd1.2606 – 100 day moving average
RES 1: Sgd1.2549 – High Aug 20
LATEST PRICE: 1.2511
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