The $0.9180-0.9233 region remains key support for the AUD/USD with this region continuing to support on dips. Bears look for a close below $0.9205 to confirm a downside break and a close below the 200-DMA to add weight to a bearish outlook and initially target the 100-DMA. Bulls continue to look for a close above the $0.9335 May 20 high to confirm a break of the 21-DMA and see bulls targeting the $0.9426-61 region.
RES 4: $0.9426 – High Apr 11
RES 3: $0.9408 – High May 14
RES 2: $0.9335 – High May 20
RES 1: $0.9287 – High June 3
LPRICE: $0.9260
SUP 1: $0.9233 – Low June 2
SUP 2: $0.9205 – Low May 2
SUP 3: $0.9181 – 200-DMA
SUP 4: $0.9127 – 100-DMA
Following on from Monday’s close below the 100-DMA the NZD/USD remained capped by the 100-DMA on Tuesday before trading at fresh 3 month lows. Immediate focus remains on the 200-DMA with bears targeting a test while the $0.8482-0.8525 region caps. Bulls continue to look for a close above $0.8525 to signal a false break lower and ease bearish pressure a little. Overall above the 55-DMA is needed to target 2014 highs once more
RES 4: $0.8595 – High May 21
RES 3: $0.8525 – Previous hourly support now resistance
RES 2: $0.8498 – High June 2
RES 1: $0.8482 – 100-DMA
LPRICE: $0.8427
SUP 1: $0.8415 – 50.0% Fibonacci 0.8052-0.8778
SUP 2: $0.8359 – 200-DMA
SUP 3: $0.8329 – 61.8% Fibonacci 0.8052-0.8778
SUP 4: $0.8244 – Low Feb 20
After having struggled ahead of the 200-DMA on Monday the AUD/NZD headed higher Tuesday to trade at fresh 6 month highs and close marginally above the 200-DMA (NZ$1.0987). The close above the 200-DMA adds support to the bullish case with immediate focus having shifted to the layers of resistance in the NZ$1.1036-69 region. Bears need to see a close below the NZ$1.0908 support to confirm an easing of bullish pressure and target the 21-DMA.
RES 4: NZ$1.1165 – 61.8% Fibonacci 1.1579-1.0476
RES 3: NZ$1.1069 – High Dec 6 2013
RES 2: NZ$1.1048 – High Dec 11 2013
RES 1: NZ$1.1036 – 50.0% Fibonacci 1.1579-1.0476
LPRICE: NZ$1.0990
SUP 1: NZ$1.0908 – Previous daily resistance now support
SUP 2: NZ$1.0853 – Alternating daily support/resistance
SUP 3: NZ$1.0841 – 21-DMA
SUP 4: NZ$1.0797 – 55-DMA
After having largely remaining capped by the 55-DMA recently despite the higher daily highs, the AUD/JPY managed a marginal close above on Tuesday. Y95.19 remains key resistance with bulls needing a close above to see immediate focus shift to the Y96.24-51 region and fresh 2014 highs. While Y95.19 caps bears will continue to focus on the 100 and 200-DMA’s with a close below needed to add weight to the bearish case.
RES 4: Y96.51 – 2014 high Apr 4
RES 3: Y96.24 – High Apr 23
RES 2: Y95.95 – 21 day upper Bollinger band
RES 1: Y95.19 – High May 19
LPRICE: Y94.93
SUP 1: Y94.71 – Hourly support June 3
SUP 2: Y94.26 – Hourly support May 29
SUP 3: Y93.68 – Low May 29
SUP 4: Y93.40 – 100-DMA
After pausing ahead of the 2014 low Friday the EUR/AUD bounced to start the new week and again managed a brief pop above the 21-DMA. The bounce eased bearish pressure but bulls look for a close above the 21-DMA to hint at a bigger bounce. The A$1.4835-72 region remains key resistance with bulls needing a close above the 200-DMA to see focus shift to the Apr monthly high. Bears need a close below the A$1.4680 support to retain focus on lower levels.
RES 4: A$1.5021 – High Apr 29
RES 3: A$1.4872 – 200-DMA
RES 2: A$1.4835 – High May 22
RES 1: A$1.4727 – 21-DMA
LPRICE: A$1.4714
SUP 1: A$1.4644 – Low June 3
SUP 2: A$1.4560 – 2014 Low May 15
SUP 3: A$1.4486 – High Nov 13 2013 now support
SUP 4: A$1.4318 – Low Nov 20 2013
