HALISTER1: MAJOR TECHS: Pound Retreats; USD Consolidating Versus Asian FX

MAJOR TECHS: Pound Retreats; USD Consolidating Versus Asian FX

(Bloomberg) -- Daily levels for Asian currency pairs:
  • USD/JPY -- Consolidating above 2016 low
    • 3rd resistance: 106.42, June 14 high
    • 2nd resistance: 105.44, June 15 low
    • 1st resistance: 105.06, June 21 high
    • Spot: 104.80; pivot point: 104.46
    • 1st support: 103.55, June 16 low, 2016 low
    • 2nd support: 103.09, July 2014 high
    • 3rd support: 102.14, Aug. 15, 2014 low
  • GBP/USD -- Consolidating gains ahead of EU vote
    • 3rd resistance: 1.4969, Dec. 28 high
    • 2nd resistance: 1.4816, Jan. 4 high
    • 1st resistance: 1.4783, June 21 high
    • Spot 1.4667; pivot point 1.4684
    • 1st support: 1.4617, June 21 high
    • 2nd support: 1.4464, 50-DMA
    • 3rd support: 1.4200, June 17 low
  • AUD/USD -- Pivoting around 50-DMA
    • 3rd resistance: 0.7719, May 3 high
    • 2nd resistance: 0.7549, April 27 low
    • 1st resistance: 0.7513, June 21 high
    • Spot: 0.7456; pivot point: 0.7470
    • 1st support: 0.7431, 50-DMA
    • 2nd support: 0.7331, June 14 low
    • 3rd support: 0.7280, 200-DMA
  • NZD/USD -- Challenging 1-yr high
    • 3rd resistance: 0.7395, May 22, 2015 high
    • 2nd resistance: 0.7232, June 10, 2015 high
    • 1st resistance: 0.7169, June 21 high
    • Spot: 0.7126; pivot point: 0.7131
    • 1st support: 0.7042, June 20 low
    • 2nd support: 0.6968, 38.2% Fibo retracement of May 30- June 9 rally
    • 3rd support: 0.6946, June 8 low
  • USD/KRW -- Consolidating around 50-DMA
    • 3rd resistance: 1,178.80, 100-DMA
    • 2nd resistance: 1,177.25, May 27 low
    • 1st resistance: 1,163.94, 50-DMA
    • Spot: 1,157.20 (at close June 21); pivot point: 1,158.23
    • 1st support: 1,151.15, June 9 low
    • 2nd support: 1,148.63, May 4 low
    • 3rd support: 1,132.35, May 3 low
  • USD/MYR -- Markets closed for local holiday
  • USD/SGD -- Consolidating below 50-DMA
    • 3rd resistance: 1.3623, June 13 high
    • 2nd resistance: 1.3605, 50-DMA
    • 1st resistance: 1.3498, June 20 high
    • Spot: 1.3429; pivot point: 1.3425
    • 1st support: 1.3391, May 3 low
    • 2nd support: 1.3352, April 19 low
    • 3rd support: 1.3286, 1-yr low
  • USD/IDR -- Consolidating below 50-DMA
    • 3rd resistance: 13,525, June 6 high
    • 2nd resistance: 13,420, June 15 high
    • 1st resistance: 13,337, 50-DMA
    • Spot: 13,263 (at close June 21); pivot point: 13,271
    • 1st support: 13,218, June 9 low
    • 2nd support: 13,210, June 8 low
    • 3rd support: 13,143, May 3 low
  • NOTE: Mark Cranfield is an FX strategist who writes for Bloomberg. The observations he makes are his own and not intended as investment advice.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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