AUD/USD continues to remain heavy following the failed attempt higher earlier in the week. We continue to look for a close above the $0.9100 level as confirmation of break of the 21-DMA and a shift in overall focus back to the key $0.9315-43 region. While the $0.9100 level caps we will continue to look for dips back towards the layers of support noted in the $0.8850-0.8895 region. Below $0.8850 sees the $0.8771 support from Aug 2010 come into focus.
R 4: $0.9159 – Hourly resistance Aug 19
R 3: $0.9100 – Hourly resistance Aug 20
R 2: $0.9042 – 21 day moving average
R 1: $0.8997 – Hourly resistance Aug 27
Latest price: $0.8937
S 1: $0.8936 – Hourly support Aug 28
S 2: $0.8895 – Low Aug 28
S 3: $0.8868 – 21 day lower Bollinger band
S 4: $0.8850 – 2013 low Aug 5
NZD/USD continues to dip towards the falling 21 day lower Bollinger band ($0.7735) as the pair works its way back towards the 2013 low. A close above the $0.7873 high from earlier in week is needed to relieve the immediate bearish focus while a close back above the $0.7937 level that previously supported is needed to shift focus back to layers of resistance noted in the $0.8065-0.8211 region
R 4: $0.7900 – 55 day moving average
R 3: $0.7887 – Daily support/resistance
R 2: $0.7876 – Ichimoku cloud base
R 1: $0.7810 – Hourly support/resistance
Latest price: 0.7792
S 1: $0.7733 – Low July 15
S 2: $0.7685 – 2013 Low June 24
S 3: $0.7621 – Low June 8 2012
S 4: $0.7461 – Low May 23 2012
AUD/NZD: After having failed at the falling daily trend line the paircontinues to look heavy with the move lower currently focussed on a retest of the NZ$1.1185-1.1265 support region. Initial resistance is noted at the NZ$1.1536 level with a close above needed to relieve the immediate bearish pressure. Overall a close above the NZ$1.1640 level is needed to confirm a break of the falling daily trend line and 55-DMA and shift focus higher.
R 4: NZ$1.1640 – High July 22
R 3: NZ$1.1599- 55 day moving average
R 2: NZ$1.1582 – Falling daily trend line
R 1: NZ$1.1536 – Hourly resistance Aug 27
Latest price: NZ$1.1461
S 1: NZ$1.1456 – Low Aug 27
S 2: NZ$1.1401 – 21 day moving average
S 3: NZ$1.1361 – Low Aug 21
S 4: NZ$1.1265 – Low Aug 7
AUD/JPY dipped below the 200-WMA (Y86.59) and the 21 day lower Bollinger band before pausing just short of the 2013 low. The pair remains confined to a falling channel on the daily time frame that is currently targeting the channel base at Y80.64 if the channel remains true. Before the pair can test the falling daily channel base it has to negotiate the 200-WMA and then the rinsing long term weekly channel base.
R 4: Y90.13 – High Aug 19
R 3: Y89.41 – High Aug 23
R 2: Y88.50 – Hourly resistance Aug 26
R 1: Y87.65 – Hourly resistance Aug 27
Latest prcie: Y87.30
S 1: Y86.80 – 21 day lower Bollinger band
S 2: Y86.43 – 2013 low Aug 7
S 3: Y84.24 – 200 week moving average
S 4: Y81.28 – Long term rising weekly channel base
USD/KRW: A close above the Krw1130.1 level remains needed to end bearish hopes and see the overall focus shift higher to tests of the 2013 high, with immediate focus turning to a retest of the Krw1143.3 high from July 10. For now, immediate focus remains on the Aug 16 low with a break lower then seeing a test of the 200-DMA looking more likely. Overall while the Krw1130.1 resistance level caps a move back to Krw1081.7 May monthly lows remains favoured.
R 4: Krw1130.1 – Daily support/resistance
R 3: Krw1128.0 – High July 18
R 2: Krw1122.1 – 100 day moving average
R 1: Krw1121.0 – High Aug 23
Latest price: Krw1113.4
S 1: Krw1111.8 – Low Aug 16
S 2: Krw1108.3 – Low Aug 8
S 3: Krw1105.0 – Daily resistance/support
S 4: Krw1104.6 – 200 day moving average
USD/SGD: After having failed to take out layers of resistance in the Sgd1.2860-69 region including the major 200-WMA and 21 day upper Bollinger band (Sgd1.2866), correcting overbought daily tech studies are weighing with the pair heading back towards the Sgd1.2736 initial support. We continue to look for a close below the Sgd1.2736 level to shift focus back to layers of support in the Sgd1.2550-86 region.
R 4: Sgd1.2970 – High June 1 2012
R 3: Sgd1.2899 – High June 5 2012
R 2: Sgd1.2869 – 200 week moving average
R 1: Sgd1.2860 – 2013 high Aug 22
Latest price: Sgd1.2747
S 1: Sgd1.2736 – Low Aug 20
S 2: Sgd1.2722 – 21 day moving average
S 3: Sgd1.2695 – Low Aug 19
S 4: Sgd1.2586 – 100 day moving average