AUD/USD: The $0.9484 level confirmed as initial resistance on Friday with the pair remaining capped at this level following Thursday’s bounce from the 21-DMA ($0.9395). We will now look for a break back below last Monday’s low to relieve the current bullish focus that is targeting a continuation higher that tests the key $0.9665 level. Overall we continue to look for a close below the $0.9221 support to end bullish aspirations
R 4: $0.9573 – High June 18
R 3: $0.9527 – High Sept 18
R 2: $0.9512 – 38.2% Fibonacci retracement $1.0582-0.8850
R 1: $0.9484 – High Oct 8 & 11
Latest price: $0.9434
S 1: $0.9390 – Low Oct 7
S 2: $0.9365 – Hourly support Oct 3
S 3: $0.9332 – Low Oct 2
S 4: $0.9286 – Low Sept 30
NZD/USD has again flirted with the $0.8350 level, this time managing a high of $0.8354 on Friday before dipping to end the week at $0.8322. Initial support is noted at Friday’s low but we will continue to look for a close below the $0.8233 level to relieve pressure on the $0.8350-55 region. A close below $0.8159 remains needed to shift overall focus back to 2013 lows with layers of support noted in the $0.8159-33 region
R 4: $0.8477 – High May 9
R 3: $0.8435 – Monthly high Sept 19
R 2: $0.8401 – High Sept 20
R 1: $0.8354 – High Oct 11
Latest price: $0.8314
S 1: $0.8268 – Low Oct 11
S 2: $0.8233 – Low Oct 10
S 3: $0.8202 – Daily low Oct 2
S 4: $0.8183 – 200 day moving average
AUD/NZD failed at the somewhat pivotal NZ$1.1440 level on Friday with the 21 day upper Bollinger band also noted at this level. Layers of resistance remain in the NZ$1.1439-77 region with a close above needed to shift overall focus higher to the NZ$1.1579-1.1658 region with the 100-DMA noted at NZ$1.1582. The NZ$1.1315-28 region remains key support to start the new week with a close below seeing focus shift to retests of the 2013 low.
R 4: NZ$1.1587 – 100 day moving average
R 3: NZ$1.1494 – Ichimoku cloud base
R 2: NZ$1.1477 – Previous daily support now resistance
R 1: NZ$1.1439 – 21 day upper Bollinger band / Pivotal resistance
Latest price: NZ$1.1330
S 1: NZ$1.1328 – 21 day moving average
S 2: NZ$1.1315 – Hourly support Oct 3
S 3: NZ$1.1261 – Low Oct 3
S 4: NZ$1.1195 – Low Oct 1
AUD/JPY: The break above the Y92.40 level and the 21-DMA on Thursday was extended Friday with the pair pausing just below the Sept 23 high. The bullish close in NY close Friday has been negated to start the new week with the pair opening softer and immediate focus shifting to the Y92.32-40 support region. A close below this region sees the immediate focus shift lower to the layers of support in the Y90.11-82 region.
R 4: Y94.71 – 200 day moving average
R 3: Y94.09 – High Sept 20
R 2: Y93.88 – 21 day upper Bollinger band
R 1: Y93.56 – High Sept 23
Latest price: Y92.56
S 1: Y92.32 – 21 day moving average
S 2: Y90.82 – Low Oct 2
S 3: Y90.67 – Low Sept 6
S 4: Y90.42 – 55 day moving average
EUR/AUD again dipped below the 100-DMA (A$1.4318) Friday before again bouncing from the Sept 23 low. A close back above the Oct 7 high is needed to relieve the current bearish focus that is targeting a continuation lower that initially tests the A$1.4170-97 region. Overall the A$1.4558 Sept 4 high remains key resistance with a close above needed to end bearish aspirations and shift focus higher to retests of the 2013 high.
R 4: A$1.4757 – Previous daily support now resistance
R 3: A$1.4688 – Ichimoku cloud top
R 2: A$1.4558 – High Sept 4
R 1: A$1.4465 – High Oct 7
Latest price: A$1.4393
S 1: A$1.4275 – Low Sept 23
S 2: A$1.4216 – 21 day lower Bollinger band
S 3: A$1.4197 – Low Sept 18
S 4: A$1.4170 – Low July 17
USD/KRW is looking heavy once again following the failed attempts to test the key Krw1081.1 resistance level last week. 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 falling daily channel base comes in around Krw1057.6 and remains targeted while Krw1081.1 caps
R 4: Krw1105.6 – 200 day moving average
R 3: Krw1091.1 – Previous daily support now resistance
R 2: Krw1081.1 – Previous daily support now resistance
R 1: Krw1076.1 – 21 day moving average
Latest price: Krw1072.4
S 1: Krw1069.3 – Low Oct 8
S 2: Krw1067.8 – 21 day lower Bollinger band
S 3: Krw1060.5 – Alternating daily support/resistance
S 4: Krw1054.5 – 2013 low Jan 11
USD/SGD marginally traded below the previous initial support and managed a bearish NY close to end the week. Initial resistance is now noted at Friday’s high but we will look for a close above the Sgd1.2541 level to relieve the immediate bearish focus that is targeting a test of the Sgd1.2407 June monthly low. Overall a close back above the Sgd1.2649 level is needed to shift focus to test of the 2013 high
R 4: Sgd1.2610 – High Sept 18
R 3: Sgd1.2581 – High Sept 30
R 2: Sgd1.2541 – High Oct 2 & 10
R 1: Sgd1.2496 – High Oct 11
Latest price: Sgd1.2456
S 1: Sgd1.2451 – Low Oct 11
S 2: Sgd1.2445 – 55 week moving average
S 3: Sgd1.2407 – Monthly low June 7
S 4: Sgd1.2359 – Previous daily resistance now support
