AUD/USD: $1.0290-00 Remains The Initial Focus. The AUD/USD is little changed from yesterday’s NY close with a retest of the $1.0290-00 region the immediate focus and oscillation around the falling 21 day lower Bollinger band ($1.0362) expected to continue. Initial resistance is noted at the Dec 24 high, but the 21-DMA remains key resistance with a close above needed to shift focus back to the $1.0580-1.0630 region.
RES 4: $1.0509 – Previous daily support now resistance
RES 3: $1.0482 – 21 day moving average
RES 2: $1.0455 – Hourly Resistance Dec 21
RES 1: $1.0416 – High Dec 24
LATEST PRICE: 1.0372
SUP 1: $1.0339 – Low Nov 21
SUP 2: $1.0296 – 200 day moving average
SUP 3: $1.0290 – Low Nov 16
SUP 4: $1.0238 – Low Oct 23
NZD/USD: Pausing Ahead Of 100-DMA. The pair continues to hesitate a little ahead of the 100-DMA support level with the Ichimoku cloud and lower Bollinger band adding to support in the $0.8130-90 region. A retest of the $0.8060-80 region remains favoured until the pair can manage a close above the 21-DMA which is needed to shift focus back to the 2012 highs and see spikes above the upper Bollinger band recommence.
RES 4: $0.8420 – High Dec 19
RES 3: $0.8346 – High Dec 21
RES 2: $0.8312- 21 day moving average
RES 1: $0.8248- High Dec 24
LATEST PRICE: 0.8218
SUP 1: $0.8196 – 100 day moving average
SUP 2: $0.8172 – Low Dec 3
SUP 3: $0.8135 – 21 day lower Bollinger band
SUP 4: $0.8114 – Low Nov 21
AUD/JPY: 21-DMA Remains Key Support. AUD/JPY continues to consolidate ahead of the 21-DMA with a close below needed to shift immediate focus back to retests of the Nov 28 lows and overall focus back to the Jpy82.00 level. Until a close below the 21-DMA is seen focus will remain on the 2012 highs and spikes above the 21 day upper Bollinger band (Jpy89.43).
RES 4: Jpy89.43 – 21 day upper Bollinger band
RES 3: Jpy89.04 – 2012 high Dec 14
RES 2: Jpy88.88 – High Dec 19
RES 1: Jpy88.24 – High Dec 25
LATEST PRICE: 88.00
SUP 1: Jpy87.15 – 21 day moving average
SUP 2: Jpy86.07 – Low Dec 10
SUP 3: Jpy85.27 – Low Nov 28
SUP 4: Jpy84.15 – Previous daily resistance now support
USD/KRW: Remaining Heavy As 2012 Draws To An End. The 21-DMA remains initial resistance but we will continue to look for a close above the previous support around Krw1080.7 as a confirmation of the break of the 21-DMA. While the Krw1079.4-1080.7 region continues to cap, spikes below the lower Bollinger are expected to restart. Daily tech studies continue to gently correct but remain in oversold territory.
RES 4: Krw1109.9 – Previous daily support now resistance
RES 3: Krw1094.4 – High Nov 16
RES 2: Krw1088.0 – 21 day upper Bollinger band
RES 1: Krw1078.3 – 21 day moving average
LATEST PRICE: 1074.1
SUP 1: Krw1071.2 – 2012 low Dec 18
SUP 2: Krw1060.4 – Monthly low Sept 2
SUP 3: Krw1048.3 – 2011 low Aug 1
SUP 4: Krw1046.2 – Falling daily channel base
USD/SGD: Above Nov 28 High Needed To Shift Focus Higher. No change from yesterday’s NY close as USD/SGD manages another close above the 21-DMA but we will continue to look for a close above the Nov 28 highs as confirmation of a shift higher in focus. A close above Sgd1.2243 would see the immediate focus shift to the Sgd1.2295-00 region with the 100-DMA adding significance and now coming in around the Sgd1.2295 level.
RES 4: Sgd1.2339 – High Sept 26
RES 3: Sgd1.2296 – High Nov 16
RES 2: Sgd1.2271 – Double daily top Nov 19 & 21
RES 1: Sgd1.2243 – High Nov 28
LATEST PRICE: 1.2213
SUP 1: Sgd1.2169 – Low Dec 18
SUP 2: Sgd1.2153 – 2012 low Oct 22 2012
SUP 3: Sgd1.2074 – Low Sept 8 2011
SUP 4: Sgd1.2021 – Low Aug 31 2011
EasyForexNews Research Team