AUD/USD: The bounce from 2013 and 3yr lows paused ahead of the $0.9010 resistance with initial support now noted at $0.8948. A close above the $0.9010 level remains needed to relieve the immediate bearish focus that is targeting further spikes below the falling 21 day Bollinger band ($0.8889) on the way to retests of the 2013 low. A close above $0.9010 sees the immediate focus shift to tests of the July 30 high. Overall $0.9300-43 remains key resistance.
R 4: $0.9210 – High July 30
R 3: $0.9100 – Hourly resistance July 30
R 2: $0.9047 – Hourly resistance July 31
R 1: $0.9010 – Previous hourly support now resistance
Latest price: 0.8978
S 1: $0.8948 – Hourly support Aug 6
S 2: $0.8848 – 2013 Low Aug 2
S 3: $0.8771 – Monthly low Aug 25 2010
S 4: $0.8634 – Low July 19 2010
NZD/USD: The recovery from lows set early Monday morning paused ahead of the 21-DMA, 55-DMA and Aug 2 highs overnight. A close above the $0.7934 level remains needed to signify a clean break of the DMA’s and shift the immediate focus to tests of the $0.8015 July 31 high and then the key $0.8105 July monthly highs above. While $0.7934 caps potential remains for retests of the $0.7685-0.7733 region.
R 4: $0.8038 – High July 30
R 3: $0.8015 – High July 31
R 2: $0.7934 – High Aug 2
R 1: $0.7919 – 21 day moving average
Latest price: 0.7903
S 1: $0.7822 – Low Aug 6
S 2: $0.7733 – Low July 15
S 3: $0.7685 – 2013 low June 24
S 4: $0.7461 – 2012 low May 23 2012
AUD/NZD: The NZ$1.1490 level remains as initial resistance for the pair with a close above needed to shift immediate focus back to retests of the NZ$1.1704-48 region. For now the pair needs to close back above the NZ$1.1490 level to relieve the current bearish pressure that is targeting dips back towards the 2013 low. Overall the NZ$1.1723-48 resistance region remains key
R 4: NZ$1.1704 – Falling daily trend line
R 3: NZ$1.1640 – High July 22
R 2: NZ$1.1532 – 21 day moving average
R 1: NZ$1.1490 – Hourly resistance Aug 5
Latest price: 1.1355
S 1: NZ$1.1351 – Low Aug 6
S 2: NZ$1.1251 – 21 day lower Bollinger band
S 3: NZ$1.1193 – 2013 Low Aug 1
S 4: NZ$1.1135 – Low Oct 29 2008
AUD/JPY: Bearish pressure remains on the 2013 low with a close above Jpy89.04 initial resistance needed to provide some relief and gaining traction above this level would see focus shift to the 21-DMA. Overall we continue to target the falling daily channel base which comes in around Jpy83.11. A close above the 21-DMA then sees layers of resistance remain in the Jpy92.70-93.79 region targeted
R 4: Jpy91.07 – High July 29
R 3: Jpy90.61 – 21 day moving average
R 2: Jpy90.29 – High July 30
R 1: Jpy89.04 – High July 31
Latest price: 87.78
S 1: Jpy87.38 – 2013 Low Aug 1
S 2: Jpy85.27 – Low Nov 28 2012
S 3: Jpy83.11 – Falling daily channel base
S 4: Jpy81.99 – Low Nov 9 2012
USD/KRW: The pullback from the topside failures last week ahead of the Krw1128.0-1130.1 region continues with currently targeting an initial test of the June 7 lows at Krw1108.4, while overall focus remains firmly on the Krw1095-97 support region. A close above the Krw1130.1 level remains needed to end bearish aspirations and see overall focus return to tests of the 2013 high. Initial resistance is noted at yesterday’s highs.
R 4: Krw1143.3 – High July 10
R 3: Krw1130.1 – Previous daily sup now res
R 2: Krw1128.0 – High July 18
R 1: Krw1116.6 – High Aug 6
Latest price: 1114.2
S 1: Krw1108.4 – Low June 7
S 2: Krw1102.4 – 200 day moving average
S 3: Krw1097.1 – 61.8% Fibonacci retracement 1054.5-1166.0
S 4: Krw1095.1 – Falling daily channel base
USD/SGD: Initial resistance is now noted at the previous initial support at Sgd1.2699 as the immediate focus remains on tests of the rising daily trend line with the 55-DMA (Sgd1.2647) noted just below. A close below then sees the layers of support in the Sgd1.2537-69 region targeted. Topside the pair needs to close above Sgd1.2699 to relieve the immediate bearish pressure and see initial focus shift back to the Aug 1 high at Sgd1.2768.
R 4: Sgd1.2858 – 2013 high July 8
R 3: Sgd1.2768 – High Aug 1
R 2: Sgd1.2737 – High Aug 5
R 1: Sgd1.2699 – Previous daily sup now res
Latest price: 1.2662
S 1: Sgd1.2650 – Rising daily trend line
S 2: Sgd1.2563 – 50% retracement of 1.2268-1.2858 move
S 3: Sgd1.2550 – Low June 19
S 4: Sgd1.2537 – 100 day moving average