AUD/USD paused at the Sept 20 high on Friday with initial support now noted on the hourly timeframe at $0.9420. A close below the $0.9286 Sept 30 low remains needed to confirm a break of the 21 and 100-DMA’s and relieve the immediate bullish focus. Back below the $0.9221 Sept 10 low remains needed to shift the overall focus back to the $0.8850-95 region. Above $0.9458 sees the pair headed for a test of the key $0.9665 resistance level
R 4: $0.9665 – High June 6
R 3: $0.9527 – High Sept 18
R 2: $0.9482 – Hourly breakdown level Sept 19
R 1: $0.9458 – High Sept 20/Oct 4
Latest price: $0.9431
S 1: $0.9420 – Hourly support Oct 4
S 2: $0.9365 – Hourly support Oct 3
S 3: $0.9332 – Low Oct 2
S 4: $0.9286 – Low Sept 30
NZD/USD: The brief move above the $0.8345-50 region Friday lacked follow through, but back below initial support now noted at $0.8275 on the hourly time frame is needed to relieve the current bullish focus. Layers of support remain in the $0.8159-0.8202 region with a close below $0.8159 needed to confirm a break of the 200-DMA and shift overall focus back to tests of the 2013 low. While $0.8159-0.8202 supports tests of $0.8350 remain favoured.
R 4: $0.8477 – High May 9
R 3: $0.8435 – High Sept 19
R 2: $0.8401 – High Sept 20
R 1: $0.8351 – High Oct 4
Latest price: $0.8317
S 1: $0.8275 – Hourly support Oct 4
S 2: $0.8236 – 21 day moving average
S 3: $0.8202 – Daily low Oct 2
S 4: $0.8183 – 200 day moving average
AUD/NZD: Layers of resistance remain above in the NZ$1.1425-77 region with further tests expected until a close below NZ$1.1261 is seen. A close above NZ$1.1477 remains needed to confirm a break of the 55-DMA and end bearish aspirations, seeing overall focus shift higher to the NZ$1.1658 Sept monthly high, with the 100-DMA noted just below at NZ$1.1612 The NZ$1.1261 support remains key to start off the new week.
R 4: NZ$1.1612 – 100 day moving average
R 3: NZ$1.1477 – Previous daily support now resistance
R 2: NZ$1.1442 – Previous daily support now resistance
R 1: NZ$1.1428 – Ichimoku cloud base
Latest price: NZ$1.1332
S 1: NZ$1.1315 – Hourly support Oct 3
S 2: NZ$1.1261 – Low Oct 3
S 3: NZ$1.1195 – Low Oct 1
S 4: NZ$1.1185 – 2013 low Aug 1
AUD/JPY: A close above the Sept 26 high remains needed to confirm a break of the 21-DMA and shift overall focus higher to tests of the 200-DMA. Layers of support remain in the Y90.11-67 region with a close below Y90.11 needed to confirm a break of the 55-DMA and see overall focus shift lower to retests of the 2013 low. For now further sideways trading within a Y90.82-0.9240 region remains favoured.
R 4: Y94.09 – High Sept 20
R 3: Y93.56 – High Sept 23
R 2: Y93.01 – High Sept 26
R 1: Y92.40 – Hourly resistance Sept 27 / 21-DMA
Latest price: Y91.73
S 1: Y91.31 – Low Oct 4
S 2: Y90.82 – Low Oct 2
S 3: Y90.67 – Low Sept 6
S 4: Y90.56 – 55 day moving average
After repeated failures at the A$1.4558 resistance level the EUR/AUD closed back below the 21-DMA (A$1.4368) to end last week. While the A$1.4558 level caps potential remains for retests of the A$1.4165-97 support region with a break below remaining favoured. For now the flat 21 day Bollinger bands suggest further sideways trading within a A$1.4215-1.4550 range. Above A$1.4558 shifts focus back to 2013 highs while below A$1.4165 targets A$1.3810.
R 4: A$1.5028 – 2013 high Aug 28
R 3: A$1.4757 – Previous daily support now resistance
R 2: A$1.4648 – Ichimoku cloud top
R 1: A$1.4558 – High Sept 4
Latest price: A$1.4363
S 1: A$1.4338 – Low Oct 4
S 2: A$1.4275 – Low Sept 23
S 3: A$1.4263 – 100 day moving average
S 4: A$1.4197 – Low Sept 18
USD/KRW: A close above Krw1081.1 remains needed to relieve the immediate bearish focus, while back above the Krw1091.1 level is needed to shift focus back to the Krw1101.8-1108.4 region. The 21-DMA comes in just below the Krw1081.1 level increasing the significance of a break higher. It is worth noting that the falling daily channel top comes in just below the Krw1105.4 level and adds additional significance.
R 4: Krw1108.4 – Previous daily support now resistance
R 3: Krw1105.3 – 200 day moving average
R 2: Krw1091.1 – Previous daily support now resistance
R 1: Krw1081.1 – Previous daily support now resistance
Latest price: Krw1071.4
S 1: Krw1069.9 – Low Oct 4
S 2: Krw1068.3 – 21 day lower Bollinger band
S 3: Krw1060.5 – Alternating daily support/resistance
S 4: Krw1054.5 – 2013 low Jan 11
USD/SGD: The lack of follow through on recent attempts higher has resulted in a correction lower that is making headway below the 200-DMA (Sgd1.2513). A close above the Sept 30 high remains needed to hint at a continuation higher that initially targets the pivotal Sgd1.2649 resistance. For now the immediate focus is on a continuation lower that tests the June monthly low with a break lower seeing focus shift lower to the May monthly lows.
R 4: Sgd1.2610 – High Sept 18
R 3: Sgd1.2581 – High Sept 30
R 2: Sgd1.2573 – 21 day moving average
R 1: Sgd1.2523 – Previous daily support now resistance
Latest price: Sgd1.2456
S 1: Sgd1.2441 – 55 week moving average
S 2: Sgd1.2407 – Monthly low June 7
S 3: Sgd1.2359 – Previous daily resistance now support
S 4: Sgd1.2268 – Monthly low May 9