
14-May-2014 22:01
AUSSIE TECHS: $0.9356 Support Key Today
*RES 4: $0.9507 - 21 week upper Bollinger band
*RES 3: $0.9461 - 2014 high Apr 10
*RES 2: $0.9426 - High Apr 11
*RES 1: $0.9408 - High May 14
*PRICE: $0.9376 @2000GMT
*SUP 1: $0.9356 - Low May 14
*SUP 2: $0.9319 - Low May 7, 21-DMA
*SUP 3: $0.9297 - Rising daily channel base off Jan 31 low
*SUP 4: $0.9218 - 55-DMA
*COMMENTARY: The aussie continued to work its way towards the $0.9426-61 region
on Wednesday but the pullback from the highs in NY is a little worrying. In
saying that, bears look for a close below $0.9319 May 7 to end bullish hopes and
see the immediate focus shift to the rising daily channel base. While the
$0.9319 level supports bulls continue to target a retest of the 2014 high with a
hold above Wednesday's low needed to build a base for another leg higher.
14-May-2014 22:11
KIWI TECHS: Bounces From 21-DMA
*RES 4: $0.8805 - 21 week upper Bollinger band
*RES 3: $0.8779 - 2014 High May 6
*RES 2: $0.8713 - 21 day upper Bollinger band
*RES 1: $0.8678 - High May 14
*PRICE: $0.8666 @2000GMT
*SUP 1: $0.8616 - 21-DMA
*SUP 2: $0.8591 - Low May 2
*SUP 3: $0.8580 - 55-DMA
*SUP 4: $0.8547 - Low Apr 30
*COMMENTARY: The kiwi not only found support ahead of the May 2 low yesterday
but also found support at the 21-DMA the past two days with a relatively bullish
close. Initial resistance is now noted at Wednesday's high with bulls needing a
close above to reconfirm renewed bullish focus and see the pair targeting the
2014 highs. Bears now need a close below $0.8591 to confirm a break of the
21-DMA and initially target the 55-DMA and then the $0.8501 Mar 20 low.
14-May-2014 22:25
AUSSIE-KIWI TECHS: 21-DMA Under Pressure
*RES 4: NZ$1.0947 - 2014 high Feb 4
*RES 3: NZ$1.0908 - 38.2% Fibonacci 1.1579-1.0476
*RES 2: NZ$1.0878 - High May 14
*RES 1: NZ$1.0832 - Previous hourly support now resistance
*PRICE: NZ$1.0819 @ 2000GMT
*SUP 1: NZ$1.0817 - 21-DMA
*SUP 2: NZ$1.0792 - Hourly resistance May 7 now support
*SUP 3: NZ$1.0757 - 100-DMA
*SUP 4: NZ$1.0728 - Low May 7
*COMMENTARY: The correction lower and the relatively bearish close are of some
concern for bulls with the pair hovering above the 21-DMA. A close below the
21-DMA confirms an easing of bullish pressure whereas a close below the
NZ$1.0792 support hints at a deeper correction that targets layers of support in
the NZ$1.0728-57 region where the 55 & 100-DMA's are noted. Bulls need the
21-DMA to support to maintain a base to target the NZ$1.0908-47 region.
14-May-2014 22:40
AUSSIE-YEN TECHS: Focus Shifts Lower To 21-DMA
*RES 4: Y97.35 - 21 week upper Bollinger band
*RES 3: Y96.49 - 2014 high Apr 4
*RES 2: Y96.24 - High Apr 23
*RES 1: Y96.05 - 21 day upper Bollinger band
*PRICE: Y95.51 @2000GMT
*SUP 1: Y95.27 - 21-DMA
*SUP 2: Y95.01 - Rising daily channel base
*SUP 3: Y94.33 - 55-DMA
*SUP 4: Y93.29 - 100-DMA
*COMMENTARY: The spike towards the key Y96.24-49 region lacked follow through on
Wednesday with the relatively bearish close seeing the pressure return to the
key 21-DMA support. Bears look for a close back below the 21-DMA to end hopes of
retests of the Y96.24-49 region and shift initial focus to tests of the rising
daily channel base and then the 55-DMA below. While the 21-DMA supports bulls
will hold out hope for further attempts higher.
14-May-2014 22:50
EURO-AUSSIE TECHS: Focus Remains On A$1.4476 Support
*RES 4: A$1.4832 - 21-DMA
*RES 3: A$1.4798 - High May 9
*RES 2: A$1.4750 - High May 13
*RES 1: A$1.4656 - Previous 2014 low now resistance
*PRICE: A$1.4620 @ 2000GMT
*SUP 1: A$1.4476 - High Nov 13 2013 now support
*SUP 2: A$1.4531 - 21 week lower Bollinger band
*SUP 3: A$1.4320 - Low Nov 19 2013
*SUP 4: A$1.4145 - Low Nov 8 2013
*COMMENTARY: The move lower continued Wednesday with fresh 2014 and 6 month
lows, confirming bearish pressure and immediate focus on the A$1.4476 Nov 13
2013 high now seen as support. Bulls need a close above Wednesday's high to ease
the current bearish pressure whereas a close above the 200-DMA remains needed to
end bearish hopes and shift overall focus back to the A$1.4993-21 region where
the 55-DMA is located.