AUD/USD: Remains Heavy To Start The Week. An inside day to end last week for the AUD/USD with immediate focus remaining on tests of $1.0095-1.0105 region. Topside the 200-DMA remains key with a close above needed to shift focus back to retests of Sept Monthly highs. Oversold correcting daily tech studies are a concern and are likely to see the pair remain confined to a $1.0150-1.0295 range for now.
RES 4: $1.0401 – High Oct 1
RES 3: $1.0345 – 200 day moving average
RES 2: $1.0323 – Hourly resistance Oct 2
RES 1: $1.0294 – High Oct 11
LATEST PRICE: 1.0233
SUP 1: $1.0254 – Hourly support Oct 11
SUP 2: $1.0150 – Low Oct 8
SUP 3: $1.0105 – 50% retracement of $0.9584-$1.0624 move
SUP 4: $0.9983 – 61.8% retracement of $0.9584-$1.0624 move
NZD/USD: Stops Remaining Below Oct 10 Lows. A bearish close to end the week with stops expected below the Oct 10 lows. The 21-DMA is key topside and we look for a close above to relieve the immediate downside pressure and see focus return to the Sept monthly highs. The rising daily channel base supports around $0.8102 with a close below the 200-DMA confirming a break lower.
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: $0.8237 – 21 day moving average
LATEST PRICE: 0.8163
SUP 1: $0.8148 – Low Oct 10
SUP 2: $0.8083 – Double daily bottom Sept 10 & 11
SUP 3: $0.8071 – 200 day moving average
SUP 4: $0.8020 – 100 day moving average
AUD/USD: 21-DMA Continues To Cap. The now falling 21-DMA has capped the AUD/JPY attempts higher for the past three weeks with a close above needed to shift focus back to retests of the Jpy82.50-83.60 region with the falling daily channel top noted at Jpy82.50. Immediate focus remains on a tests of the falling daily channel base and lower 21 day Bollinger band.
RES 4: Jpy82.30 – High Sept 21
RES 3: Jpy82.11 – 200 day moving average
RES 2: Jpy81.26 – High Sept 28
RES 1: Jpy80.95 – 21 day moving average
LATEST PRICE: 80.26
SUP 1: Jpy79.18 – 21 day lower Bollinger band
SUP 2: Jpy78.99 – Falling daily channel base from Aug 21 high
SUP 3: Jpy78.10 – Low June 12
SUP 4: Jpy74.51 – Low June 1
USD/KRW: Focus Remains On Lower Levels For Now. USD/KRW needs to close above the 21-DMA to relieve the immediate downside pressure and see focus return to retests of the key Krw1124.8 resistance level. Overall the 200-DMA remains somewhat pivotal resistance. The 100-WMA (Krw1121.8) is also worth keeping an eye on this week with the pair starting to look comfortable below this level.
RES 4: Krw1137.1 – 200 day moving average
RES 3: Krw1133.5 – Ichimoku cloud base
RES 2: Krw1124.8 – Previous key daily support now resistance
RES 1: Krw1115.5 – 21 day moving average
LATEST PRICE: 1111.3
SUP 1: Krw1108.7 – 21 day lower Bollinger band
SUP 2: Krw1106.1 – Low Oct 5 2012
SUP 3: Krw1100.2 – Low Oct 31 2011
SUP 4: Krw1081.0 – Falling daily channel base
USD/SGD: Focus Returns To 2012 Lows. The MAS inspired move lower saw USD/SGD manage a spike below the 21 day lower Bollinger band with focus now firmly on retests of the 2012 lows from early Sept. Topside the falling daily channel top continues to remain key with a close above needed to end the downtrend that has been in play since early June. Initial resistance is now seen at the lows from Oct 11.
RES 4: Sgd1.2371 – High Sept 10
RES 3: Sgd1.2340 – Falling daily channel top from June 1 highs
RES 2: Sgd1.2339 – High Sept 26
RES 1: Sgd1.2262 – Low Oct 11
LATEST PRICE: 1.2223
SUP 1: Sgd1.2212 – 21 day lower Bollinger band
SUP 2: Sgd1.2204 – Low Oct 12
SUP 3: Sgd1.2175 – 2012 low Sept 14 2012
SUP 4: Sgd1.2049 – Low Sept 6 2011
EasyForexNews Research Team