MAJOR TECHS: USD/JPY Pivots Around 111.00; Aussie Above 0.7400
(Bloomberg) -- Daily levels for GBP and Asian currency pairs:
- USD/JPY -- Consolidating below November high
- 3rd resistance: 113.69, March 28 high
- 2nd resistance: 111.91, April 25 high
- 1st resistance: 111.45, May 30 high
- Spot: 111.04; pivot point: 110.92
- 1st support: 110.81, 5-DMA
- 2nd support: 109.43, 10-DMA
- 3rd support: 106.40, 200-DMA
- GBP/USD -- Capped below 55-DMA
- 3rd resistance: 1.2771, Oct. 5 high
- 2nd resistance: 1.2674, Nov. 11 high
- 1st resistance: 1.2600, 55-DMA
- Spot: 1.2418; pivot point: 1.2440
- 1st support: 1.2390, 21-DMA
- 2nd support: 1.2221, Nov. 2 low
- 3rd support: 1.2090, Oct. 11 low
- AUD/USD -- Consolidating above five-month low
- 3rd resistance: 0.7567, 21-DMA
- 2nd resistance: 0.7519, 200-DMA
- 1st resistance: 0.7467, 10-DMA
- Spot: 0.7403; pivot point: 0.7393
- 1st support: 0.7306, June 24 low
- 2nd support: 0.7286, June 16 low
- 3rd support: 0.7202, June 2 low
- NZD/USD -- Pivoting around 200-DMA at 0.7033
- 3rd resistance: 0.7206, 55-DMA
- 2nd resistance: 0.7171, 21-DMA
- 1st resistance: 0.7086, 10-DMA
- Spot: 0.7067; pivot point: 0.7060
- 1st support: 0.6957, July 25 low
- 2nd support: 0.6952, July 21 low
- 3rd support: 0.6801, June 3 low
- USD/SGD -- Consolidating below November high
- 3rd resistance: 1.4527, 7-year high
- 2nd resistance: 1.4444, Jan. 11 and YTD high
- 1st resistance: 1.4289, Nov. 18 high
- Spot: 1.4235; pivot point: 1.4239
- 1st support: 1.4186, 10-DMA
- 2nd support: 1.4033, 21-DMA
- 3rd support: 1.3851, Nov. 9 low
- USD/KRW -- Consolidating below November high
- 3rd resistance: 1,217.15, March 9 high
- 2nd resistance: 1,198.05, May 31 high
- 1st resistance: 1,188.50, June 27 high
- Spot: 1,176.20 (close on Nov. 22); pivot point: 1,176.13
- 1st support: 1,169.66, 10-DMA
- 2nd support: 1,154.59, 21-DMA
- 3rd support: 1,129.70, 55-DMA
- USD/MYR -- Approaching October 2015 high
- 3rd resistance: 4.4800, Sept. 29, 2015 high
- 2nd resistance: 4.4767, Sept. 30, 2015 high
- 1st resistance: 4.4520, October 2015 high
- Spot: 4.4210 (close on Nov. 22); pivot point: 4.4243
- 1st support: 4.3525, Nov. 17 low
- 2nd support: 4.3471, 10-DMA
- 3rd support: 4.2637, 21-DMA
- USD/IDR -- Consolidating below November high
- 3rd resistance: 13,698, June 2 high
- 2nd resistance: 13,589, June 3 low (breakaway gap)
- 1st resistance: 13,545, Nov. 11 high
- Spot: 13,443 (close on Nov. 22); pivot point: 13,432
- 1st support: 13,330, 10-DMA
- 2nd support: 13,227, 200-DMA
- 3rd support: 13,184, 21-DMA
- NOTE: Mark Cranfield is an FX strategist who writes for First Word. The observations he makes are his own and are not intended as investment advice.
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