AUD/USD: Closes Above 200-DMA. With a close above the 200-DMA needed to shift focus higher the pair now turns its immediate attention to the falling 21 day upper Bollinger band coming in around $1.0510 today. Above the 200-DMA sees the overall focus return to retests of the Sept monthly highs. Back below the previous resistance at $1.0290 is now needed to confirm a false break higher.
RES 4: $1.0856 – 2012 high Feb 29
RES 3: $1.0624 – Monthly high Sept 14
RES 2: $1.0510 – 21 day upper Bollinger band
RES 1: $1.0401 – High Oct 1
LATEST PRICE: $1.0373
SUP 1: $1.0346 – 200 day moving average
SUP 2: $1.0290 – Previous resistance now support
SUP 3: $1.0150 – Low Oct 8
SUP 4: $1.0105 – 50% retracement of $0.9584-$1.0624 move
NZD/USD: Testing 21 day moving average. The pair has bounced perfectly from rising daily channel base to test the initial resistance noted at the 21-DMA. Daily tech studies are correcting higher from modestly oversold levels which is adding additional support to the pair. A close above the 21-DMA would relieve downside pressure and return focus to Sept monthly highs.
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: $0.8226 – 21 day moving average
LATEST PRICE: $0.8219
SUP 1: $0.8114 – Rising daily channel base off June 2 lows
SUP 2: $0.8083 – Double daily bottom Sept 10 & 11
SUP 3: $0.8075 – 200 day moving average
SUP 4: $0.8037 – 100 day moving average
AUD/JPY: Pausing At The 200-DMA. The sharp move through Sept 28 highs and the Ichimoku cloud overnight paused right on the 200-DMA and the 21 day upper Bollinger band. Focus is now firmly on the layers of resistance noted in the Jpy82.14-83.60 region including the falling daily channel top at Jpy82.52 with back below Jpy81.26 needed to shift focus lower.
RES 4: Jpy83.10 – Monthly high Sept 14
RES 3: Jpy82.55 – Falling daily channel top from Aug 21 high
RES 2: Jpy82.30 – High Sept 21
RES 1: Jpy82.14 – 200 day moving average
LATEST PRICE: Jpy81.94
SUP 1: Jpy81.26 – Previous daily resistance now support
SUP 2: Jpy79.44 – 21 day lower Bollinger band
SUP 3: Jpy78.90 – 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 make its way back towards the Krw1100.2 lows from Oct 31 2011 with a break lower keeping the pair focussed on the daily falling channel base coming in around Krw1081 today. A close above the 21-DMA is needed to relieve the immediate downside focus with the Krw1124.8 level remaining key resistance.
RES 4: Krw1136.6 – 200 day moving average
RES 3: Krw1132.7 – Ichimoku cloud base
RES 2: Krw1124.8 – Previous key daily support now resistance
RES 1: Krw1114.2 – 21 day moving average
LATEST PRICE: Krw1105.7
SUP 1: Krw1105.5 – 21 day lower Bollinger band
SUP 2: Krw1104.3 – 2012 Low Oct 17 2012
SUP 3: Krw1100.2 – Low Oct 31 2011
SUP 4: Krw1081.0 – Falling daily channel base
USD/SGD: Fresh 2012 Lows, More To Come. USD/SGD continues to head lower having traded at fresh 2012 lows with move expected to come. The move lower may be a little ahead of itself as the pair closes below the falling 21 day lower Bollinger band with oscillation expected to continue. Topside initial resistance remains at the Oct 15 highs but above the falling daily channel top is needed to shift focus.
RES 4: Sgd1.2371 – High Sept 10
RES 3: Sgd1.2339 – High Sept 26
RES 2: Sgd1.2321 – Falling daily channel top from June 1 highs
RES 1: Sgd1.2237 – High Oct 15
LATEST PRICE: Sgd1.2170
SUP 1: Sgd1.2153 – 2012 low Sept 14 2012
SUP 2: Sgd1.2049 – Low Sept 6 2011
SUP 3: Sgd1.2033 – Falling daily channel base
SUP 4: Sgd1.2002 – Low Aug 16 2011
EasyForexNews Research Team