AUD/USD: The move higher paused ahead of the targeted $0.9665 level, closing well above the sharply rising 21 day upper Bollinger band ($0.9575). The bullish focus remains firmly in play with a break above the $0.9665 level then targeting layers of resistance in the $0.9767-0.9920 region. Back below the $0.9390 support is needed to relieve the immediate bullish pressure while back below $0.9221 remains needed to shift focus back to 2013 lows.
R 4: $0.9791 – Monthly high June 3
R 3: $0.9767 – 200 day moving average
R 2: $0.9716 – 50% Fibonacci retracement $1.0582-0.8850
R 1: $0.9665 – High June 6
Latest price: $0.9633
S 1: $0.9568 – Previous hourly resistance now support
S 2: $0.9477 – Hourly support Oct 15
S 3: $0.9431 – 21 day moving average
S 4: $0.9390 – Low Oct 7
Fresh 5 month highs for the NZD/USD with the close above the $0.8477 level and the 21 day upper Bollinger band ($0.8442) seeing the immediate focus shift to tests of the $0.8555-82 region with overall focus now on tests of the 2013 high. Back below the $0.8398 level is needed to relieve the immediate bullish focus while back below the layers of support in the $0.8159-0.8233 region is needed to shift overall focus back to lower levels.
R 4: $0.8840 – 2011 High Aug 1
R 3: $0.8676 – 2013 High Apr 11
R 2: $0.8582 – Monthly high May 1
R 1: $0.8555 – High May 6
Latest price: $0.8479
S 1: $0.8445 – Previous hourly resistance now support
S 2: $0.8398 – Hourly support Oct 16
S 3: $0.8347 – Hourly support Oct 14
S 4: $0.8323 – 21 day moving average
AUD/NZD: After struggling at the NZ$1.1350 level yesterday the pair has broken higher late in the NY session. Lower levels remain favoured until the pair can close above the NZ$1.1477 resistance level. Initial support remains at the Oct 14 low with layers of support in the NZ$1.1192-1.1261 region targeted until a close above the NZ$1.1477 level is seen. Above NZ$1.1477 would see focus shift higher and back to the NZ$1.1658-1.1748 region
R 4: NZ$1.1559 – 100 day moving average
R 3: NZ$1.1477 – Previous daily support now resistance
R 2: NZ$1.1439 – High Oct 10
R 1: NZ$1.1397 – 55 day moving average
Latest price: NZ$1.1352
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 6 as the pair works its way towards the 200-DMA and continues to test the rising 21 day upper Bollinger band (Y94.58) in the process. A close back below the Y93.29 support remains 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: Y94.28
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
EUR/AUD: The pair continues to bounce from the A$1.4145 support but a break lower remains favoured that tests the A$1.3802-74 support region until a close back above the Oct 14 high is seen. The 21 day lower Bollinger band is heading lower with dips below expected continue. A close back above the A$1.4275 level is needed to relieve the immediate bearish focus while back above the A$1.4384 Oct 14 high is needed to confirm a break of the 21 and 100-DMA’s.
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$1.4183
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 continues to head lower following the break below key support earlier in the week. A test of the falling daily channel base remains targeted with this level now coming in below the 2013 low. 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.
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: Krw1073.2 – 21 day moving average
Latest price: Krw1060.2
S 1: Krw1054.5 – 2013 low Jan 11
S 2: Krw1054.0 – Falling daily channel base
S 3: Krw1048.3 – 2011 low Aug 1
S 4: Krw997.8 – 2008 low July 10
USD/SGD finally took out the June monthly low with overall focus shifting to tests of the May monthly low. We will now look for a close back above the Oct 16 high while a close above the Sgd1.2541 level is needed to confirm a break of the 21 and 200-DMA’s and shift focus back to the Sgd1.2649 resistance level with the 55 and 100-DMA’s noted just below. Of some concern at present are daily tech studies which are approaching oversold levels.
R 4: Sgd1.2581 – High Sept 30
R 3: Sgd1.2541 – High Oct 2 & 10
R 2: Sgd1.2496 – High Oct 11
R 1: Sgd1.2464 – High Oct 16
Latest price: Sgd1.2390
S 1: Sgd1.2359 – Previous daily resistance now support
S 2: Sgd1.2330 – Low May 10
S 3: Sgd1.2268 – Monthly low May 9
S 4: Sgd1.2224 – Low Jan 10
