AUD/USD: 200-DMA Key Topside. The bounce from session lows overnight fell just short of the 100-DMA ($1.0273) with above the Oct 11 highs needed to relieve the downside pressure and bring the 200-DMA back into focus. The 200-DMA remains key resistance and a close above would see the $1.0620-30 region targeted. While the 200-DMA caps lower levels are favoured overall.
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: 1.0255
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: 21-DMA Remains Initial Resistance. Fresh 5 week lows overnight as the pair took out stops before bouncing off the 21 day lower Bollinger band ($0.8134). The overnight dip fell just short of the rising daily channel base off the early June lows which comes in around $0.8110 today. A close below the 200-DMA would see focus turn to tests of the Sept monthly lows.
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: $0.8232 – 21 day moving average
LATEST PRICE: 0.8184
SUP 1: $0.8132 – Low Oct 15
SUP 2: $0.8083 – Double daily bottom Sept 10 & 11
SUP 3: $0.8072 – 200 day moving average
SUP 4: $0.8025 – 100 day moving average
AUD/JPY: Solid Bounce To Start The Week. The now 21-DMA continues to cap the AUD/JPY attempts higher with significance added to this region as the 100-DMA is noted at Jpy80.90. A close above is needed to relieve the current downside pressure and shift focus back to the Jpy82.50-83.60 region with the falling daily channel top noted at Jpy82.50.
RES 4: Jpy82.30 – High Sept 21
RES 3: Jpy82.21 – 200 day moving average
RES 2: Jpy81.26 – High Sept 28
RES 1: Jpy80.85- 21 day moving average
LATEST PRICE: 80.68
SUP 1: Jpy79.27 – 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: 21-DMA Remains Initial Resistance. 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 (Krw1121.6) is also worth keeping an eye on this week with the pair starting to look comfortable below this level.
RES 4: Krw1136.8 – 200 day moving average
RES 3: Krw1133.4 – Ichimoku cloud base
RES 2: Krw1124.8 – Previous key daily support now resistance
RES 1: Krw1115.5 – 21 day moving average
LATEST PRICE: 1110.5
SUP 1: Krw1108.1 – 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. A relatively subdued start to the week for USD/SGD as the pair consolidates Friday’s sharp move lower. Focus remains on fresh 2012 lows which are not far below with a close above the falling daily channel top needed to end the 4 month down trend. Daily tech studies have plenty of room to move lower before being oversold becomes an issue.
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: 1.2217
SUP 1: Sgd1.2215 – 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