AUD/USD: Ends Session Looking Heavy. AUD/USD is looking a little heavy with an increased likelihood of a dip back towards layers of support in the $1.0330-50 region with the 21-, 100- ($1.0351) & 200-DMA’s ($1.0333) clustered in this region as well as a double daily bottom ($1.0332-34). A close below this region would see focus return to retests of Oct monthly lows at $1.0150.
RES 4: $1.0624 – Monthly high Sept 14
RES 3: $1.0518 – High Sept 21
RES 2: $1.0480 – High Nov 6
RES 1: $1.0453 – 21 day upper Bollinger band
LATEST PRICE: $1.0407
SUP 1: $1.0390 – Low Nov 8
SUP 2: $1.0343 – 21 day moving average
SUP 3: $1.0290 – Alternating support/resistance
SUP 4: $1.0233 – 21 day lower Bollinger band
NZD/USD: Focus Turns To Layers Of Support At $0.8080-20. With the NZD closing below both the Nov 6 lows and the 21-DMA, focus has turned to layers of support in the $0.8080-$0.8120 region with previous lows, 100- ($0.8111) and 200-DMA’s ($0.8081), Ichimoku cloud base ($0.8084) and lower 21 day Bollinger band ($0.8116) all noted in this region. Topside the $0.8197-32 region is now key.
RES 4: $0.8356 – Monthly high Sept 28
RES 3: $0.8285 – 21 day upper Bollinger band
RES 2: $0.8232 – Low Nov 6 now resistance
RES 1: $0.8197 – 21 day moving average
LATEST PRICE: $0.8150
SUP 1: $0.8115 – 21 day lower Bollinger band
SUP 2: $0.8103 – Monthly low Oct 23
SUP 3: $0.8083 – Double daily bottom Sept 10 & 11
SUP 4: $0.7994 – 100 week moving average
AUD/JPY: Jpy81.60-30 Region Holds Key Support. Cracks are appearing in the current uptrend and with daily tech studies correcting from overbought levels, the likelihood of a re-test of support in the Jpy81.60-30 region is increasing. A close below this region is needed to see focus turn to retests of the Oct monthly lows in the Jpy78.40.50 region.
RES 4: Jpy86.81 – High Apr 2
RES 3: Jpy84.81 – High Apr 13
RES 2: Jpy84.36 – 21 day upper Bollinger band
RES 1: Jpy83.05 – Previous hourly support now resistance
LATEST PRICE: Jpy82.65
SUP 1: Jpy82.30 – 200 day moving average
SUP 2: Jpy81.99 – Low Oct 30
SUP 3: Jpy81.65 – Low Oct 22
SUP 4: Jpy81.26 – Previous daily resistance now support
USD/KRW: Oversold Daily Tech Studies Correcting. Oversold daily Slow Stochastics, RSI and Momentum studies have begun correcting which should provide support for USD/KRW and see initial resistance at Krw1094.3 retested. The 21-DMA remains key for now with a close above needed to relieve downside pressure and shift focus back to the Krw1117-1125 region with the 100-WMA noted at Krw1119.9.
RES 4: Krw1117.4 – High Oct 11
RES 3: Krw1109.9 – Previous daily support now resistance
RES 2: Krw1199.6 – 21 day moving average
RES 1: Krw1094.3 – High Nov 5
LATEST PRICE: Krw1089.7
SUP 1: Krw1084.1 – 2012 low Nov 7
SUP 2: Krw1068.6 – Falling daily channel base
SUP 3: Krw1060.4 – Monthly low Sept 2
SUP 4: Krw1048.3 – 2011 low Aug 1
USD/SGD: Break Higher Not Far Away. USD/SGD continues to oscillate around the 21-DMA with an increased likelihood of a break higher that sees initial focus turn to retests of the Sgd1.2372-22 region. For now the Nov highs remain the key to a move higher with a close above needed to confirm an end to the 5-month long downtrend. While Sgd1.2187 supports risk is for higher levels.
RES 4: Sgd1.2422 – 100 day moving average
RES 3: Sgd1.2372 – High Sept 11
RES 2: Sgd1.2339 – High Sept 26
RES 1: Sgd1.2267 – High Nov 5
LATEST PRICE: Sgd1.2246
SUP 1: Sgd1.2187 – Low Nov 1
SUP 2: Sgd1.2169 – 21 day lower Bollinger band
SUP 3: Sgd1.2153 – 2012 low Oct 22 2012
SUP 4: Sgd1.2049 – Low Sept 6 2011
EasyForexNews Research Team