AUD/USD: Spikes above upper Bolli to continue. The pair remained capped ahead of the Mar 19 highs to end last week, closing back below the now rising 21 day upper Bollinger band ($1.0582). Spikes above the upper Bollinger are expected to continue with an eventual break of the $1.0635 level and retest of 2012 highs favoured until we see a close below the $1.0428 Sept 12 lows.
RES 4: $1.0856 – 2012 High Feb 29
RES 3: $1.0690 – High Mar 6
RES 2: $1.0635 – High Mar 19
RES 1: $1.0582 – 21 day upper Bollinger band
LATEST PRICE: $1.0542
SUP 1: $1.0428 – Low Sept 12
SUP 2: $1.0324 – 200 day moving average
SUP 3: $1.0276 – Low Sept 7
SUP 4: $1.0165 – Low Sept 5
NZD/USD: $0.8170 support key this week. Fresh 6 month highs to end the week as the pair continues to spike above the sharply rising 21 day upper Bollinger ($0.8285) but may consolidate a little to start the week as the upper Bolli catches up. The Sept 12 lows remain key support with a close below needed to remove the overall focus from retests of the 2012 highs.
RES 4: $0.8840 – 2011 high Aug 2011
RES 3: $0.8568 – Monthly high Aug 2011
RES 2: $0.8467 – 2012 high Feb 2012
RES 1: $0.8405 – High Mar 1
LATEST PRICE: $0.8292
SUP 1: $0.8170 – Low Sept 12
SUP 2: $0.8083 – Low Sept 10/11
SUP 3: $0.8018 – 200 day moving average
SUP 4: $0.7963 – Hourly support Sept 6
USD/KRW: Sub-Krw1100 levels now the focus. USD/KRW has finally come to life with the pair pulling up just short of the 2012 lows to end last week, and very much below the now sharply falling 21 day lower Bollinger band (Krw1122.8). Sub-Krw1100 levels are now favored until the pair can manage to break back above the Krw1137.8-1141.1 resistance region.
RES 4: Krw1158.1 – High July 12
RES 3: Krw1141.1 – 200 day moving average
RES 2: Krw1137.8 – Ichimoku cloud top
RES 1: Krw1124.8 – Previous key daily support now resistance
LATEST PRICE: Krw1115.7
SUP 1: Krw1122.2 – 100 week moving average
SUP 2: Krw1112.8 – 2012 Low Mar 2
SUP 3: Krw1110.4 – Low Nov 4 2011
SUP 4: Krw1100.2 – Low Oct 31 2011
USD/SGD: Spikes below falling channel base. USD/SGD managed to spike below the falling channel base on the daily timeframe and continues to outpace the falling 21 day Bollinger band, although will not be able to continue doing so indefinitely, with consolidation expected to start the week. Sept 10 highs remain pivotal topside with a close above seeing the channel top retested.
RES 4: Sgd1.2556 – Monthly high Aug 28
RES 3: Sgd1.2480 – Falling channel top from June 1 high
RES 2: Sgd1.2440 – 21 day moving average
RES 1: Sgd1.2371 – High Sept 10
LATEST PRICE: Sgd1.2208
SUP 1: Sgd1.2175 – Low Sept 14 2012
SUP 2: Sgd1.2133 – Low Sept 9 2011
SUP 3: Sgd1.2002 – Double daily bottom Aug 16/17 2011
SUP 4: Sgd1.1995 – 2011 Low July 27 2011
EasyForexNews Research Team