USD/SGD managed a brief spike above the previous Sgd1.2511 resistance level on Wednesday only to remain capped ahead of the 21-DMA and managing a relatively bearish close. Bulls continue to look for a close above Sgd1.2545 to confirm a break of the 21 & 55-DMA’s and falling daily trend line which would see immediate focus shift to the 100 & 200-DMA’s. While Sgd1.2545 caps bears target fresh 2014 lows.
RES 4: Sgd1.2577 – 100-DMA
RES 3: Sgd1.2569 – 200-DMA
RES 2: Sgd1.2545 – High June 18
RES 1: Sgd1.2515 – 21-DMA
LPRICE: Sgd1.2494
SUP 1: Sgd1.2467 – Low June 19
SUP 2: Sgd1.2450 – 2014 low Apr 9
SUP 3: Sgd1.2342 – Monthly low Oct 2013
SUP 4: Sgd1.2268 – Monthly low May 8 2013
USD/KRW continues to oscillate around the 21-DMA with daily studies having worked off their previously O/S condition. The Krw1025.9 level remains key resistance with bulls looking for a close above to confirm an easing of bearish pressure and see focus shift to Krw1034.4 with a break above this level shifting focus back to the Krw1044.7-1050.6 region. Bears continue to target 2014 lows and sub Krw1000.0 levels while Krw1025.9 caps.
RES 4: Krw1034.4 – Low Apr 17 now resistance
RES 3: Krw1030.1 – Previous 2014 low Apr 30 now resistance
RES 2: Krw1029.0 – 55-DMA
RES 1: Krw1025.9 – High June 3
LPRICE: Krw1021.1
SUP 1: Krw1015.5 – 2014 low June 10, Bollinger band base
SUP 2: Krw995.6 – Monthly low July 10 2008
SUP 3: Krw971.3 – Monthly Low Apr 7 2008
SUP 4: Krw955.9 – Low Mar 7 2008
USD/MYR bounced back above the 21-DMA on Wednesday with immediate focus having shifted to the key Myr3.2300-24 region. Bulls continue to look for a close above the 55-DMA to hint at a bigger bounce with a close above the 200-DMA confirming. It is worth noting the pair last closed above the 55-DMA back in late March. Bears look for the Myr3.2300-24 region to cap to retain hopes of fresh 2014 lows.
RES 4: Myr3.2452 – 200-DMA
RES 3: Myr3.2410 – High June 4
RES 2: Myr3.2324 – 55-DMA, Falling daily trend line
RES 1: Myr3.2300 – Alternating daily support/resistance
LPRICE: Myr3.2261
SUP 1: Myr3.2200 – 21-DMA
SUP 2: Myr3.2070 – Low June 12
SUP 3: Myr3.2010 – Low June 11
SUP 4: Myr3.1940 – 2014 Low June 9
USD/CNH managed a brief spike above the 21 & 55-DMA’s on Wednesday before retreating to a relatively bearish close that retains immediate focus on the Cnh6.2179 support. Bears look for a close below this level to buy some breathing room and add weight to the bearish case that is currently targeting the Cnh6.1850-98 region. Bulls now need a close above Cnh6.2361 to confirm a break of the 21 & 55-DMA’s and target the 2014 high
RES 4: Cnh6.2865 – Low Oct 9 2012 now resistance
RES 3: Cnh6.2714 – 2014 high Apr 30
RES 2: Cnh6.2632 – High June 5
RES 1: Cnh6.2361 – High June 25
LPRICE: Cnh6.2265
SUP 1: Cnh6.2179 – Low June 17
SUP 2: Cnh6.2035 – Low June 13
SUP 3: Cnh6.1898 – 100-DMA
SUP 4: Cnh6.1850 – Low Apr 9
The rally Wednesday stalled ahead of the initial resistance at Php43.960 with bulls needing a close above to confirm an easing of bearish pressure. The Php44.076-44.162 region remains key resistance for the pair with bulls needing a close above to confirm a break of the 200-DMA and shift overall focus higher to the Php44.790 Apr 25 high. Bears continue to look for a close below Php43.730 to reconfirm focus on 2014 lows
RES 4: Php44.320 – High May 7
RES 3: Php44.162 – 200-DMA
RES 2: Php44.076 – 55-DMA
RES 1: Php43.960 – Low June 18 now resistance
LPRICE: Php43.904
SUP 1: Php43.730 – Low June 20
SUP 2: Php43.607 – Bollinger band base
SUP 3: Php43.510 – 2014 Low June 9
SUP 4: Php43.470 – Low Nov 14 2013
USD/THB continues to oscillate around the 100-DMA as daily studies correct back to more neutral levels. The 21-DMA remains key resistance with bulls now needing to see a close above the Thb32.54 high from June 18 to confirm a break and an easing of bearish pressure, seeing focus shift back to the Thb32.73-90 region. Bears look for a close below the Thb32.29 support to confirm bearish pressure and initially target the Thb32.18-22 region.
RES 4: Thb32.90 – High June 2
RES 3: Thb32.73 – Previous daily support now resistance
RES 2: Thb32.54 – High June 18
RES 1: Thb32.51 – 21-DMA
LPRICE: Thb32.40
SUP 1: Thb32.29 – Low May 5
SUP 2: Thb32.22 – Bollinger band base
SUP 3: Thb32.21 – 200-DMA
SUP 4: Thb32.18 – Low Apr 24
