AUD/USD: Spikes Below Bollinger Band Expected. After having taken out the Sept monthly lows the AUD/USD spent yesterday trading sideways below the initial resistance at $1.0274. The 21 day lower Bollinger band is heading lower and comes in around $1.0153 today with spikes below expected to continue as the pair remains focused on retests of the $1.0100-05 region.
RES 4: $1.0401 – High Oct 1
RES 3: $1.0346 – 200 day moving average
RES 2: $1.0323 – Hourly resistance Oct 2
RES 1: $1.0274 – Double daily top Oct 4 & 5
LATEST PRICE: 1.0204
SUP 1: $1.0154 – Low Oct 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: Kiwi Remains Heavy. The pair remains heavy with tests of the $0.8060-80 region remaining favoured and the rising daily channel base off the early June lows also seen supporting in this region. Below the $0.8060-80 region sees the focus on tests of the Sept monthly lows. Topside above the Oct 5 highs is needed to relieve immediate downside pressure.
RES 4: $0.8469 – 2012 high Feb 2012
RES 3: $0.8356 – Monthly high Sept 28
RES 2: $0.8264 – High Oct 5
RES 1: $0.8246 – 21 day moving average
LATEST PRICE: 0.8174
SUP 1: $0.8154 – Low Oct 5
SUP 2: $0.8083 – Double daily bottom Sept 10 & 11
SUP 3: $0.8066 – 200 day moving average
SUP 4: $0.8001 – 100 day moving average
AUD/JPY: Move lower to continue. The falling daily channel base around Jpy79.10 remains the initial focus until the pair can manage a close above the somewhat pivotal 21-DMA which would see focus shift back to retests of the Jpy83.10-60 region. With the 21 day lower Bollinger heading lower spikes below are expected to continue as the pair heads lower.
RES 4: Jpy82.30 – High Sept 21
RES 3: Jpy82.10 – 200 day moving average
RES 2: Jpy81.49 – High Sept 25
RES 1: Jpy81.12 – 21 day moving average
LATEST PRICE: 79.84
SUP 1: Jpy79.56 – Monthly low July 25
SUP 2: Jpy79.42 – 21 day lower Bollinger band
SUP 3: Jpy79.10 – Falling daily channel base from Aug 21 high
SUP 4: Jpy78.10 – Low June 12
USD/KRW: Krw1124.8 Remains Key Topside. Following the spike to fresh 11 month lows to end last week USD/KRW has traded sideways within a narrow range with the previously falling 21 day Bollinger band having flattened out. The Krw1124.8 level remains key topside with a close above needed to relieve the immediate downside pressure and shift focus back to retests of the 200-DMA.
RES 4: Krw1137.7 – 200 day moving average
RES 3: Krw1132.8 – Ichimoku cloud base
RES 2: Krw1124.8 – Previous key daily support now resistance
RES 1: Krw1117.6 – 21 day moving average
LATEST PRICE: 1111.2
SUP 1: Krw1107.2 – 21 day lower Bollinger band
SUP 2: Krw1106.1 – Low Oct 5 2012
SUP 3: Krw1100.2 – Low Oct 31 2011
SUP 4: Krw1083.1 – Falling daily channel base
USD/SGD: Layers Of Resistance Just Above. Layers of resistance remain just above market in the Sgd1.2339-1.2371 region with a close above then seeing focus shift to retests of the Sgd1.2550-75 region and the 200-DMA noted at Sgd1.2571. For now range trading within a Sgd1.2223-1.2339 range continues with stops noted above the Sept 26 highs.
RES 4: Sgd1.2507 – Monthly high Sept 3
RES 3: Sgd1.2371 – High Sept 10
RES 2: Sgd1.2360 – Falling daily channel top from June 1 highs
RES 1: Sgd1.2339 – High Sept 26
LATEST PRICE: 1.2307
SUP 1: Sgd1.2223 – Low Sept 21 2012
SUP 2: Sgd1.2217 – 21 day lower Bollinger band
SUP 3: Sgd1.2175 – 2012 low Sept 14 2012
SUP 4: Sgd1.2133 – Low Sept 9 2011
EasyForexNews Research Team