MAJOR TECHS: USD/JPY Pivots 111.00; NZD/USD Straddles 0.7000
(Bloomberg) -- Daily levels for GBP and Asian currency pairs:
- USD/JPY -- Pivoting around 111.00
- 3rd resistance: 113.69, March 28 high
- 2nd resistance: 111.91, April 25 high
- 1st resistance: 111.45, May 30 high
- Spot: 111.06; pivot point: 110.89
- 1st support: 110.08, 5-DMA
- 2nd support: 108.31, 10-DMA
- 3rd support: 106.43, 200-DMA
- GBP/USD -- Capped below 55-DMA
- 3rd resistance: 1.2632, 55-DMA
- 2nd resistance: 1.2441, 10-DMA
- 1st resistance: 1.2397, 5-DMA
- Spot: 1.2322; pivot point: 1.2338
- 1st support: 1.2298, Nov. 3 low
- 2nd support: 1.2221, Nov. 2 low
- 3rd support: 1.2090, Oct. 11 low
- AUD/USD -- Approaching 5-month lows
- 3rd resistance: 0.7521, 10-DMA
- 2nd resistance: 0.7516, 200-DMA
- 1st resistance: 0.7420, 5-DMA
- Spot: 0.7318; pivot point: 0.7332
- 1st support: 0.7306, June 24 low
- 2nd support: 0.7286, June 16 low
- 3rd support: 0.7202, June 2 low
- NZD/USD -- Extending drop below 200-DMA
- 3rd resistance: 0.7224, 55-DMA
- 2nd resistance: 0.7170, 10-DMA
- 1st resistance: 0.7069, 5-DMA
- Spot: 0.6989; pivot point: 0.6998
- 1st support: 0.6957, July 25 low
- 2nd support: 0.6952, July 21 low
- 3rd support: 0.6801, June 3 low
- USD/SGD -- Extending gain beyond 10-DMA
- 3rd resistance: 1.4500, psychological level
- 2nd resistance: 1.4444, Jan. 11 and YTD high
- 1st resistance: 1.4336, Feb. 3 high
- Spot: 1.4280; pivot point: 1.4259
- 1st support: 1.4128, 10-DMA
- 2nd support: 1.4004, 21-DMA
- 3rd support: 1.3851, Nov. 9 low
- USD/KRW -- Approaching five-month 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: 1,183.18 (close on Nov. 18); pivot point: 1,1182.22
- 1st support: 1,158.10, Nov. 10 high (breakaway gap)
- 2nd support: 1,153.11, 200-DMA
- 3rd support: 1,150.00, 21-DMA
- USD/MYR -- Approaching 2016 peak
- 3rd resistance: 4.4800, Sept. 29 high
- 2nd resistance: 4.4285, Jan. 7 high
- 1st resistance: 4.4193, Jan. 18 high
- Spot: 4.4190 (close on Nov. 18); pivot point: 4.4113
- 1st support: 4.3525, Nov. 17 low
- 2nd support: 4.2900, Nov. 14 low
- 3rd support: 4.2408, 21-DMA
- USD/IDR -- Consolidating breach of 200-DMA resistance
- 3rd resistance: 13,698, June 2 high
- 2nd resistance: 13,589, June 3 low (breakaway gap)
- 1st resistance: 13,545, Nov. 11 high
- Spot: 13,428 (close on Nov. 18); pivot point: 13,406
- 1st support: 13,230, 200-DMA
- 2nd support: 13,188, Nov. 11 low
- 3rd support: 13,125, 100-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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