AUD/USD rallied on Friday only to pause ahead of the $0.9221 Aug 12 high. Initial support is now noted at the 21-DMA but the $0.9058 Aug 15 lows remain key this week. While $0.9058 supports the pressure is expected to remain on retests of the $0.9221 level with the 55-DMA noted just above. A break higher would see the aussie focus on retests of the key $0.9315-43 region, whereas a break back below $0.9058 sees focus return to the 2013 lows.
R 4: $0.9343 – High June 26
R 3: $0.9315 – High July 24
R 2: $0.9243 – 55 day moving average
R 1: $0.9221 – High Aug 12
Latest price: 0.9185
S 1: $0.9131 – Low Aug 16
S 2: $0.9112 – Hourly support/resistance
S 3: $0.9058 – Low Aug 15
S 4: $0.8970 – Low Aug 8
NZD/USD: The move higher Friday spiked above the previous $0.8105 level and the 100-DMA before closing back below. A daily close above the 100-DMA remains needed to reconfirm bullish focus and threaten layers of resistance noted in the $0.8109-0.8212 region with the 200-DMA noted at $0.8211. Initial support remains on the hourly time frame at $0.8050 but the $$0.7918 support is seen as pivotal. A close below is needed to see focus shift lower to the $0.7680-30 region. RES 4: $0.8180 – 50% Fibonacci retracement $0.8676-0.7685
R 3: $0.8154 – High May 29
R 2: $0.8128 – High Aug 16
R 1: $0.8109 – 100 day moving average
Latest price: 0.8105
S 1: $0.8050 – Hourly support Aug 15
S 2: $0.7994 – Low Aug 15
S 3: $0.7933 – Low Aug 9 & 13
S 4: $0.7918 – Hourly support
NZD/USD managed the fourth consecutive day of lower lows and highs to end the week after having failed ahead of the key NZ$1.1490 resistance level last Monday. The 21-DMA capped the move higher on Monday last week and has guided the pair lower ever since. A close above the 21-DMA is needed to relieve the immediate bearish focus that is targeting a retest of the 2013 lows, while above NZ$1.1490 is needed to shift focus higher to the NZ$1.1640 level.
R 4: NZ$1.1490 – Hourly resistance Aug 5
R 3: NZ$1.1410 – 21 day moving average
R 2: NZ$1.1398 – Hourly resistance Aug 14
R 1: NZ$1.1376 – High Aug 16
Latest price: 1.1326
S 1: NZ$1.1265 – Low Aug 7
S 2: NZ$1.1212 – 21 day lower Bollinger band
S 3: NZ$1.1193 – 2013 low Aug 1
S 4: NZ$1.1015 – Weekly low Oct 13 2008
AUD/JPY: The Y90.29 July 30 highs remain key resistance for the pair this week with a close above needed to see focus shift back to retests of the layers of resistance in the Y91.90-93.80 region which includes previous daily highs, key moving averages and the falling daily trend line. Initial support is now noted at Y89.20 on the hourly timeframe but Friday’s low remains more significant with a close below re-confirming bearish focus
R 4: Y91.07 – High July 29
R 3: Y90.98 – 55 day moving average
RS 2: Y90.29 – High July 30
R 1: Y90.07 – High Aug 15
Latest price: 89.60
S 1: Y89.20 – Hourly support Aug 16
S 2: Y88.62 – Low Aug 16
S 3: Y87.75 – Low Aug 9
S 4: Y86.43 – 2013 low Aug 7
USD/KRW: The 100-DMA continues to cap attempts higher with layers of resistance remaining in the Krw1123.0 -1130.1 region including the 21 day upper Bollinger band (Krw1124.8) and the Ichimoku cloud base (Krw1124.0). The Krw1130.1 level remains key with a close above needed to see initial focus shift to tests of the Krw1143.3 July 10 high with the Ichimoku cloud top noted just below at Krw1139.4. While Krw1130.1 caps initial focus remains on Krw1108.3
R 4: Krw1130.1 – Daily support/resistance
R 3: Krw1128.0 – High July 18
R 2: Krw1124.0 – Ichimoku cloud base
R 1: Krw1123.0 – 100 day moving average
Latest price: 1115.8
S 1: Krw1113.5 – Low Aug 14
S 2: Krw1108.3 – Low Aug 8
S 3: Krw1105.0 – Daily resistance/support
S 4: Krw1103.3 – 200 day moving average
USD/SGD: The recovery from ahead of the Sgd1.2550-63 region fell short of testing the Aug 1 highs with the 21 day upper Bollinger band capping the move. Another bearish NY close sees the immediate focus on retests of the 21-DMA with a close below seeing focus return to layers of support in the Sgd1.2550-63 region and the 100-DMA now noted at Sgd1.2551. A break below Sgd1.2550 then sees focus shift lower to the Sgd1.2407-33 region with the 200-DMA at Sgd1.2433.
R 4: Sgd1.2881 – 200 week moving average
R 3: Sgd1.2858 – 2013 high July 8
R 2: Sgd1.2768 – High Aug 1
R 1: Sgd1.2753 – 21 day upper Bollinger band
Latest price: 1.2690
S 1: Sgd1.2667 – 21 day moving average
S 2: Sgd1.2620 – Hourly support Aug 13
S 3: Sgd1.2563 – 50% retracement of 1.2268-1.2858 move
S 4: Sgd1.2551 – 100 day moving average