AUD/USD continues to pause ahead of the $0.9458 resistance level with initial support now noted on the hourly timeframe at $0.9365. A close below the $0.9286 Sept 30 low remains needed to confirm a break of the 21-DMA 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: $0.9422
S 1: $0.9365 – Hourly support Oct 3 / 21-DMA
S 2: $0.9332 – Low Oct 2
S 3: $0.9286 – Low Sept 30
S 4: $0.9273 – 100 day moving average
NZD/USD continues to hesitate ahead of the $0.8345-51 region following the brief spike above last Friday. Initial support is now noted at yesterday’s low after having marginally traded below $0.8275 to start the new week. 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. Potential remains for further topside tests.
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: $0.8305
S 1: $0.8272 – Low Oct 7
S 2: $0.8251 – 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 in the NZ$1.1416-77 region with further tests expected until a close back below the NZ$1.1261 Oct 3 low 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 with back below shifting focus back to 2013 lows.
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$1.1416 – Ichimoku cloud base
Latest price: NZ$1.1337
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 (Y94.69). Layers of support remain in the Y90.11-82 region with a close below Y90.11 needed to confirm a break of the 55-DMA and shift overall focus lower to the 2013 low. Topside a close above the Y92.40 level is needed to relieve the current bearish pressure.
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: Y91.08
S 1: Y90.82 – Low Oct 2
S 2: Y90.67 – Low Sept 6
S 3: Y90.57 – 55 day moving average
S 4: Y90.11 – Alternating daily support/resistance
EUR/AUD continues to hesitate at the 21-DMA ($1.4371) after marginally closing below on Friday and as a result we will now look for a close below the Oct 4 low to confirm a break of the 21-DMA. While the A$1.4558 level caps, potential remains for retests of the A$1.4170-97 support region with a break lower remaining favoured. In saying that, the flat 21 day Bollinger bands are currently suggesting further A$1.4200-1.4540 sideways trading
R 4: A$1.4757 – Previous daily support now resistance
R 3: A$1.4699 – Ichimoku cloud top
R 2: A$1.4558 – High Sept 4
R 1: A$1.4540 – 21 day upper Bollinger band
Latest price: A$1.4405
S 1: A$1.4338 – Low Oct 4
S 2: A$1.4275 – Low Sept 23 / 100-DMA
S 3: A$1.4197 – Low Sept 18
S 4: A$1.4170 – Low July 17
USD/KRW remains heavy having again dipped to fresh 9 month lows before bouncing slightly. 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. The falling daily channel base comes in around Krw1061.2 and is our initial target
R 4: Krw1108.4 – Previous daily support now resistance
R 3: Krw1105.4 – 200 day moving average
R 2: Krw1091.1 – Previous daily support now resistance
R 1: Krw1081.1 – Previous daily support now resistance
Latest price: Krw1071.2
S 1: Krw1069.3 – Low Oct 8
S 2: Krw1068.1 – 21 day lower Bollinger band
S 3: Krw1060.5 – Alternating daily support/resistance
S 4: Krw1054.5 – 2013 low Jan 11
Following last week’s failed topside attempts and break below the 200-DMA, USD/SGD has failed to break back above on bounces from recent lows. 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 remains 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: Sgd1.2560 – 21 day moving average
R 1: Sgd1.2523 – Previous daily support now resistance
Latest price: Sgd1.2478
S 1: Sgd1.2445 – 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