HALISTER1: MAJOR TECHS: USD/JPY Breaches 110.00; AUD Testing 0.7400

MAJOR TECHS: USD/JPY Breaches 110.00; AUD Testing 0.7400

(Bloomberg) -- Daily levels for GBP and Asian currency pairs:
  • USD/JPY -- Consolidating below 110.00
  • 3rd resistance: 113.69, March 28 high
  • 2nd resistance: 111.91, April 25 high
  • 1st resistance: 111.45, May 30 high
  • Spot: 110.26; pivot point: 109.62
  • 1st support: 109.42, 5-DMA
  • 2nd support: 106.95, Nov. 10 high
  • 3rd support: 106.44, 200-DMA
  • GBP/USD -- Capped below 55-DMA
  • 3rd resistance: 1.2866, 100-DMA
  • 2nd resistance: 1.2674, Nov. 11 high
  • 1st resistance: 1.2651, 55-DMA
  • Spot: 1.2414; pivot point: 1.2444
  • 1st support: 1.2361, 21-DMA
  • 2nd support: 1.2332, Oct. 19 high
  • 3rd support: 1.2090, Oct. 11 low
  • AUD/USD -- Testing 0.7400 area
  • 3rd resistance: 0.7835, April 21 high
  • 2nd resistance: 0.7595, 100-DMA
  • 1st resistance: 0.7514, 200-DMA
  • Spot: 0.7413; pivot point: 0.7435
  • 1st support: 0.7372, June 30 low
  • 2nd support: 0.7325, June 27 low
  • 3rd support: 0.7306, June 24 low
  • NZD/USD -- Challenging 200-DMA
  • 3rd resistance: 0.7224, 55-DMA
  • 2nd resistance: 0.7170, 10-DMA
  • 1st resistance: 0.7069, 5-DMA
  • Spot: 0.7033; pivot point: 0.7050
  • 1st support: 0.7013, Nov. 17 low
  • 2nd support: 0.6957, July 25 low
  • 3rd support: 0.6952, July 21 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: 1.4225 pivot point: 1.4183
  • 1st support: 1.4086, 10-DMA
  • 2nd support: 1.3923, Nov. 8 high
  • 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: 1,176.05 (close on Nov. 17); pivot point: 1,174.68
  • 1st support: 1,158.10, Nov. 10 high (breakaway gap)
  • 2nd support: 1,153.35, 200-DMA
  • 3rd support: 1,128.35, 100-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: 4.3945 (close on Nov. 17); pivot point: 4.3815
  • 1st support: 4.2900, Nov. 14 low
  • 2nd support: 4.2821, 10-DMA
  • 3rd support: 4.2297, 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: 13,373 (close on Nov. 17); pivot point: 13,380
  • 1st support: 13,232, 200-DMA
  • 2nd support: 13,188, Nov. 11 low
  • 3rd support: 13,123, 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.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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