MAJOR TECHS: USD/JPY Tops 105; AUD/USD Touches Six-Month High
(Bloomberg) -- Daily levels for GBP and Asian currency pairs:
- USD/JPY -- Extending rebound from 55-DMA support
- 3rd resistance: 106.66, 200-DMA
- 2nd resistance: 106.54, July 27 high
- 1st resistance: 105.63, July 29 high
- Spot: 105.17; pivot point: 104.88
- 1st support: 104.30, Nov. 8 low
- 2nd support: 102.91, 55-DMA
- 3rd support: 102.17, 61.8% Fibo of Sept. 27 to Oct. 28 rally
- GBP/USD -- Capped below 50-DMA
- 3rd resistance: 1.2699, 50-DMA
- 2nd resistance: 1.2623, Oct. 7 high
- 1st resistance: 1.2557, Nov. 4 high
- Spot: 1.2365; pivot point: 1.2393
- 1st support: 1.2278, 21-DMA
- 2nd support: 1.2083, Oct. 15 low
- 3rd support: 1.1990, 76.4% Fibo retracement of Oct. 7-10 rally
- AUD/USD -- Holding below monthly high
- 3rd resistance: 0.7849, May 2015 high
- 2nd resistance: 0.7835, April 21 high
- 1st resistance: 0.7778, Nov. 8 high
- Spot: 0.7748; pivot point: 0.7743
- 1st support: 0.7652, Nov. 4 low
- 2nd support: 0.7617, 50-DMA
- 3rd support: 0.7590, 100-DMA
- NZD/USD -- Holding below September high
- 3rd resistance: 0.7564, 17-month high
- 2nd resistance: 0.7486, Sept. 7 high
- 1st resistance: 0.7403, Nov. 8 high
- Spot: 0.7365; pivot point: 0.7369
- 1st support: 0.7293, Nov. 7 low
- 2nd support: 0.7266, Oct. 20 high
- 3rd support: 0.7246, 50-DMA
- USD/KRW -- Consolidating between 100- and 200-DMAs
- 3rd resistance: 1,154.52, 200-DMA
- 2nd resistance: 1,153.63, July 14 high
- 1st resistance: 1,152.20, Nov. 2 high
- Spot: 1,134.80 (close on Nov. 7); pivot point: 1,137.55
- 1st support: 1,128.51, 100-DMA
- 2nd support: 1,120.52, 50-DMA
- 3rd support: 1,118.80, Oct. 20 low
- USD/MYR -- Holding below October high
- 3rd resistance: 4.2350, Feb. 29 high
- 2nd resistance: 4.2242, Oct. 13 high
- 1st resistance: 4.2160, Nov. 7 high
- Spot: 4.2005 (close on Nov. 8); pivot point: 4.2028
- 1st support: 4.1442, Oct. 26 low
- 2nd support: 4.1406, 50-DMA
- 3rd support: 4.1325, Oct. 11 low
- USD/SGD -- Consolidating below October high
- 3rd resistance: 1.4045, March 2 high
- 2nd resistance: 1.3964, Oct. 27 high
- 1st resistance: 1.3923, Nov. 8 high
- Spot: 1.3880 pivot point: 1.3881
- 1st support: 1.3819, Nov. 2 low
- 2nd support: 1.3791, 38.2% Fibo retracement of Sept. 22 to Oct. 27 rally
- 3rd support: 1.3776, Oct. 14 low
- USD/IDR -- Capped below 100-DMA resistance
- 3rd resistance: 13,243, Sept. 14 high
- 2nd resistance: 13,126, 100-DMA
- 1st resistance: 13,115, Nov. 4 high
- Spot: 13,084 (close on Nov. 8); pivot point: 13,084
- 1st support: 13,073, 50-DMA
- 2nd support: 12,980, Oct. 20 low
- 3rd support: 12,955, Oct. 10 low
- NOTE: Andrew Robinson 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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