AUD/USD: Pausing Ahead Of Sept Lows. The AUD/USD continued its move lower towards the Sept monthly lows, dipping below the 21 day lower Bollinger band ($1.0207) and closing below the 100-DMA and the 38.2% Fibo of the $0.9584-1.0624 move, all adding weight to the bearish case. At present a close above the Oct 1 highs is needed to relieve current downside pressure.
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: 1.0210
SUP 1: $1.0168 – Monthly low Sept 5
SUP 2: $1.0105 – 50% retracement of $0.9584-$1.0624 move
SUP 3: $0.9983 – 61.8% retracement of $0.9584-$1.0624 move
SUP 4: $0.9922 – Low June 14
NZD/USD: 200-DMA Test Targeted. Fresh 3 week lows keep the Kiwi on track for a pullback to the $0.8058-0.8083 region with the 200-DMA noted at $0.8058 and the rising daily channel base off June 2 lows also supporting in this region. Overall the pair needs to close above the Sept monthly highs to see the focus turn to higher levels and away from Sept monthly lows.
RES 4: $0.8469 – 2012 high Feb 2012
RES 3: $0.8413 – 21 day upper Bollinger band
RES 2: $0.8356 – Monthly high Sept 28
RES 1: $0.8230 – Hourly resistance Oct 3
LATEST PRICE: 0.8191
SUP 1: $0.8170 – Low Sept 12
SUP 2: $0.8083 – Double daily bottom Sept 10 & 11
SUP 3: $0.8058 – 200 day moving average
SUP 4: $0.8023 – 21 day lower Bollinger band
AUD/JPY: Pausing Ahead Of Sept Lows. The pair is pausing just above the Sept monthly lows after having bounced off the 21 day lower Bollinger band overnight. At present a break lower is favoured that sees the June 12 lows initially targeted and then fresh 2012 lows below. The relatively flat lower Bollinger may slow the move lower a little with spikes below expected.
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: 80.18
SUP 1: Jpy79.78 – 21 day lower Bollinger band
SUP 2: Jpy79.56 – Monthly low July 25
SUP 3: Jpy79.24 – Falling daily channel base from Aug 21 high
SUP 4: Jpy78.10 – Low June 12
USD/KRW: Consolidating At Lower Levels. After recording fresh 2012 lows last week USD/KRW continues to trade sideways while remaining heavy. A close above the Krw1124.8 level is needed to relieve the immediate downside pressure while a close above the 200-DMA is needed to shift focus higher. The pair is also looking comfortable below the 100-WMA at Krw1122.0.
RES 4: Krw1158.1 – High July 12
RES 3: Krw1138.6 – 200 day moving average
RES 2: Krw1135.3 – Ichimoku cloud base
RES 1: Krw1124.8 – Previous key daily support now resistance
LATEST PRICE: 1114.1
SUP 1: Krw1110.4 – Low Nov 4 2011
SUP 2: Krw1107.4 – 21 day lower Bollinger band
SUP 3: Krw1100.2 – Low Oct 31 2011
SUP 4: Krw1086.3 – Falling daily channel base
USD/SGD: Closes Above 21-DMA, Focus Higher. USD/SGD is hinting at a break higher as pressure remains on the Sept 26 highs. The falling daily channel top remains key topside with a close above needed to end the 4 month long down trend and seeing focus turn to tests of the Sgd1.2550-75 region. A close above the 21-DMA (Sgd1.2298) again yesterday adds support to the bullish case.
RES 4: Sgd1.2507 – Monthly high Sept 3
RES 3: Sgd1.2394 – Falling daily channel top from June 1 highs
RES 2: Sgd1.2371 – High Sept 10
RES 1: Sgd1.2339 – High Sept 26
LATEST PRICE: 1.2323
SUP 1: Sgd1.2223 – Low Sept 21 2012
SUP 2: Sgd1.2175 – 2012 low Sept 14 2012
SUP 3: Sgd1.2170 – 21 day lower Bollinger band
SUP 4: Sgd1.2133 – Low Sept 9 2011
EasyForexNews Research Team