AUD/USD: Potential For Fresh 2012 Lows. The AUD/USD finally managed a close below the 200-DMA ($1.0346) with the immediate focus now on the $1.0168-1.0237 region. Layers of support are noted here including the 100-DMA at $1.0237. A close back above the Oct 1 high is needed to remove the immediate focus from lower levels with the 21-DMA noted just below at $1.0398.
RES 4: $1.0518 – High Sept 21
RES 3: $1.0472 – High Sept 28
RES 2: $1.0401 – High Oct 1
RES 1: $1.0323 – Hourly resistance Oct 2
LATEST PRICE: 1.0266
SUP 1: $1.0228 – 38.2% retracement of $0.9584-$1.0624 move
SUP 2: $1.0211 – 21 day lower Bollinger band
SUP 3: $1.0168 – Monthly low Sept 5
SUP 4: $1.0101 – Monthly low July 2
NZD/USD: Looking Heavy. The Kiwi remains heavy after failing to carry on with the move to fresh monthly highs on Friday. The $0.8186 double daily bottom remains key support for now with a close below needed to end the recent broad range trading and shift focus back to the Sept monthly lows. Daily tech studies are back at neutral levels and no longer a concern.
RES 4: $0.8568 – Monthly high Aug 31 2011
RES 3: $0.8469 – 2012 high Feb 2012
RES 2: $0.8433 – 21 day upper Bollinger band
RES 1: $0.8356 – Monthly high Sept 28
LATEST PRICE: 0.8275
SUP 1: $0.8186 – Double daily bottom Sept 24 & 26
SUP 2: $0.8083 – Double daily bottom Sept 10 & 11
SUP 3: $0.8055 – 200 day moving average
SUP 4: $0.7979 – 21 day lower Bollinger band
AUD/JPY: Move Lower Gathering Steam. AUD/JPY broke to fresh 4 week lows as it heads towards the Jpy79.30-60 support region. The relatively flat 21 day lower Bollinger may slow the move with spikes below now expected. Below the Jpy79.30-60 support region sees focus shift to potential retests of the 2012 lows. Above the 21-DMA is needed to relieve downside pressure.
RES 4: Jpy82.30 – High Sept 21
RES 3: Jpy81.49 – High Sept 25
RES 2: Jpy81.26 – 21 day moving average
RES 1: Jpy80.68 – Hourly resistance Oct 2
LATEST PRICE: 80.21
SUP 1: Jpy79.78 – 21 day lower Bollinger band
SUP 2: Jpy79.56 – Monthly low July 25
SUP 3: Jpy79.27 – Falling daily channel base from Aug 21 high
SUP 4: Jpy78.10 – Low June 12
USD/KRW: Targeting Sub Krw1100 Levels. USD/KRW continues to trade sideways above the lows from Nov 4 2011 but remains heavy with sub Krw1100 levels favoured until the pair can manage a close back above the Krw1124.8 resistance level. The 21 day lower Bollinger band is heading lower with spikes below expected. Overall the 200-DMA remains the key topside with lower levels favoured while it caps.
RES 4: Krw1158.1 – High July 12
RES 3: Krw1138.8 – 200 day moving average
RES 2: Krw1135.3 – Ichimoku cloud base
RES 1: Krw1124.8 – Previous key daily support now resistance
LATEST PRICE: 1112.6
SUP 1: Krw1110.4 – Low Nov 4 2011
SUP 2: Krw1107.9 – 21 day lower Bollinger band
SUP 3: Krw1100.2 – Low Oct 31 2011
SUP 4: Krw1087.0 – Falling daily channel base
USD/SGD: Hesitates At The 21-DMA. USD/SGD continues to hesitate around the 21-DMA (Sgd1.2305) with a close above the Sept 26 high needed to confirm a break and see focus return to tests of the falling daily channel top around Sgd1.2400 and then Sept monthly highs above. Back below yesterdays Sgd1.2269 lows is needed to relieve the immediate topside pressure.
RES 4: Sgd1.2507 – Monthly high Sept 3
RES 3: Sgd1.2400 – Falling daily channel top from June 1 highs
RES 2: Sgd1.2371 – High Sept 10
RES 1: Sgd1.2339 – High Sept 26
LATEST PRICE: 1.2306
SUP 1: Sgd1.2223 – Low Sept 21 2012
SUP 2: Sgd1.2175 – 2012 low Sept 14 2012
SUP 3: Sgd1.2151 – 21 day lower Bollinger band
SUP 4: Sgd1.2133 – Low Sept 9 2011
EasyForexNews Research Team