AUD/USD: Chopping around lower Bollinger band. The AUD/USD continues to chop around the falling lower 21 day Bollinger band as it heads towards the initial target at the 200 day moving average. For now back above the Aug 24 highs is needed to hint at a pause in the move lower with back above the Aug 23 highs needed to see focus shift higher once more and to tests of the $1.0620-40 region.
RES 4: $1.0620- 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: 1.0382
SUP 1: $1.0345 – Low Aug 28
SUP 2: $1.0307 – 200 day moving average
SUP 3: $1.0208 – 100 day moving average
SUP 4: $1.0180 – Low July 25
NZD/USD: Pivotal support just below. Yesterday’s sub 21 day moving average close has seen follow through pull up just short of the somewhat pivotal $0.8038 Aug 15 low. Below $0.8038 sees the 200 day MA and 100 day MA come into focus with a further break lower then targeting July monthly lows. Bollinger bands are starting to widen out suggesting a decent move is not far off.
RES 4: $0.8317 – High April 13
RES 3: $0.8235 – High April 30
RES 2: $0.8192 – 21 day upper Bollinger band
RES 1: $0.8088 – High Aug 27
LATEST PRICE: 0.8046
SUP 1: $0.8038 – Low Aug 15
SUP 2: $0.7991 – 200 day moving average
SUP 3: $0.7944 – 100 day moving average
SUP 4: $0.7813 – Monthly low July 25
USD/KRW: Spikes above upper Bollinger band. USD/KRW has finally made some headway topside, trading at near fresh 4 week highs and spiking above the 21 day upper Bollinger band in the process. The proximity of the upper Bollinger combined with slightly overbought daily tech studies may slow the move higher with the 200 day moving average and Ichimoku cloud base noted just above.
RES 4: Krw1158.1 – High July 12
RES 3: Krw1149.3 – Ichimoku cloud base
RES 2: Krw1141.9 – 200 day moving average
RES 1: Krw1138.0 – 21 day upper Bollinger band
LATEST PRICE: 1136.1
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: Fresh 4 week highs, focus on 100 day MA. Fresh 4 week highs for USD/SGD has seen the pair spike above the now rising upper 21 day Bollinger band with focus now on tests of the 100 day moving average until a close back below the 21 day moving average is seen. Back below the 21 day ma would see focus shift back to tests of the key Sgd1.2349-00 region and 2012 lows.
RES 4: Sgd1.2666 – 200 day moving average
RES 3: Sgd1.2644 – High July 25
RES 2: Sgd1.2605 – 100 day moving average
RES 1: Sgd1.2550 – 21 day upper Bollinger band
LATEST PRICE: 1.2525
SUP 1: Sgd1.2500 – Hourly support Aug 27
SUP 2: Sgd1.2433 – Low Aug 23
SUP 3: Sgd1.2400 – Low Aug 6
SUP 4: Sgd1.2349 – 2012 Low April 30
EasyForexNews Research Team