AUD/USD continues to head higher and again traded above the 21 day upper Bollinger band ($0.9547). A break back below the Oct 7 low remains needed to confirm a break of the 21-DMA and relieve the immediate bullish focus that is targeting a test of the key $0.9665 resistance level. Layers of support remain in the $0.9221-86 region with a close below $0.9221 needed to shift focus back to 2013 lows
R 4: $0.9772 – 200 day moving average
R 3: $0.9716 – 50% Fibonacci retracement $1.0582-0.8850
R 2: $0.9665 – High June 6
R 1: $0.9573 – High June 18
Latest price: $0.9546
S 1: $0.9477 – Hourly support Oct 15
S 2: $0.9426 – 21 day moving average
S 3: $0.9390 – Low Oct 7
S 4: $0.9365 – Hourly support Oct 3
NZD/USD traded at the highest level since May 9, spiking above the rising 21 day upper Bolli. Immediate focus in on a test of the $0.8477 level with a break above targeting $0.8555-82 above favoured while $0.8347 supports. A close back below this level is now needed to relieve the immediate bullish focus, while 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: $0.8676 – 2013 High Apr 11
R 3: $0.8582 – Monthly high May 1
R 2: $0.8555 – High May 6
R 1: $0.8477 – High May 9
Latest price: $0.8420
S 1: $0.8398 – Hourly support Oct 16
S 2: $0.8347 – Hourly support Oct 14
S 3: $0.8323 – 21 day moving average
S 4: $0.8268 – Low Oct 11
AUD/NZD: Lower levels remain favoured until a close above NZ$1.1477 is seen. The 55-DMA continues to cap with layers of resistance now noted in the NZ$1.1341-1.1477 region with initial resistance on the hourly time frame at $1.1341. Initial support remains at the Oct 14 low with layers of support in the NZ$1.1192-1.1261 region. Above NZ$1.1477 would see the immediate focus shift to tests of the 100-DMA (NZ$1.1565) and then the Sept monthly high above.
R 4: NZ$1.1477 – Previous daily support now resistance
R 3: NZ$1.1439 – High Oct 10
R 2: NZ$1.1396 – 55 day moving average
R 1: NZ$1.1341 – Hourly resistance Oct 16
Latest price: NZ$1.1329
S 1: NZ$1.1302 – Low Oct 14
S 2: NZ$1.1261 – Low Oct 3
S 3: NZ$1.1215 – Monthly low Oct 20 & 30
S 4: NZ$1.1195 – Low Oct 1
AUD/JPY: The sequence of higher daily highs and lows now numbers 5 as the pair works its way towards the 200-DMA and continues to test the rising 21 day upper Bollinger band (Y94.41) in the process. A close back below the Y93.29 support is now needed to relieve the immediate bullish focus while back below the Y92.39 level is needed to shift focus back to layers of support in the Y90.11-82 region. Above the 200-DMA targets the Y99.48 level.
R 4: Y97.93 – High May 30
R 3: Y96.02 – Previous daily support now resistance
R 2: Y95.93 – 50% Fibonacci retracement Y105.42-Y86.43
R 1: Y94.73 – 200 day moving average
Latest price: Y94.31
S 1: Y93.70 – Hourly support Oct 16
S 2: Y93.29 – Low Oct 15
S 3: Y92.39 – Previous daily resistance now support
S 4: Y90.82 – Low Oct 2
The A$1.4145 support confirmed yesterday with the EUR/AUD having held above this level so far but a break lower remains favoured that tests the A$1.3802-74 support region remains favoured. The 21 day lower Bollinger band is heading lower with dips below expected until a close back above the A$1.4384 Oct 14 high is seen which would also confirm a break of the 21 and 100-DMA’s. Initial resistance remains at the A$1.4275.
R 4: A$1.4558 – High Sept 4
R 3: A$1.4465 – High Oct 7
R 2: A$1.4384 – High Oct 14
R 1: A$1.4275 – Previous daily support now resistance
Latest price: A$1.4158
S 1: A$1.4145 – Low Oct 15
S 2: A$1.3956 – 38.2% Fibonacci retracement of 1.2222-1.5028
S 3: A$1.3874 – Monthly low July 10
S 4: A$1.3802 – Low June 7
USD/KRW consolidated Tuesday’s break lower yesterday as it put in an inside day and a bearish NY close. A close above the 21-DMA remains needed to relieve the immediate bearish focus while back above the Krw1081.1 level is needed to see focus shift higher to layers of resistance in the Krw1091.1-1095.0 region including the falling daily channel top and 55-DMA. While Krw1081.1 caps a test of the 2013 lows is favoured.
R 4: Krw1105.7 – 200 day moving average
R 3: Krw1091.1 – Previous daily support now resistance
R 2: Krw1081.1 – Previous daily support now resistance
R 1: Krw1073.8 – 21 day moving average
Latest price: Krw1066.4
S 1: Krw1060.5 – Alternating daily support/resistance
S 2: Krw1054.9 – Falling daily channel base
S 3: Krw1054.5 – 2013 low Jan 11
S 4: Krw1048.3 – 2011 low Aug 1
USD/SGD remains little changed from Tuesday’s NY close after having spiked above the Sgd1.2451 level overnight. A close above the Oct 11 high remains needed to relieve the immediate bearish focus with a test of the Sgd1.2268 May monthly low currently targeted. Overall a close above the Sept 30 high is now needed to end bearish aspirations and shift immediate focus back to the Sgd1.2649 level with 55 and 100-DMA’s noted just below.
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 / 21-DMA
Latest price: Sgd1.2432
S 1: Sgd1.2407 – Monthly low June 7
S 2: Sgd1.2359 – Previous daily resistance now support
S 3: Sgd1.2330 – Low May 10
S 4: Sgd1.2268 – Monthly low May 9
