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25-Mar-2014 21:25
AUSSIE-KIWI TECHS: Pausing At 55-DMA For Now
*RES 4: NZ$1.0861 - 100-DMA
*RES 3: NZ$1.0816 - Previous daily support now resistance
*RES 2: NZ$1.0759 - High Mar 7
*RES 1: NZ$1.0716 - 55-DMA
*PRICE: NZ$1.0685 @ 2100GMT
*SUP 1: NZ$1.0664 - Previous daily resistance now support
*SUP 2: NZ$1.0623 - Low Mar 24
*SUP 3: NZ$1.0600 - Hourly support Mar 21
*SUP 4: NZ$1.0578 - Hourly support Mar 20
*COMMENTARY: The recovery from the NZ$1.0535 level continued Tuesday with the
move higher testing the 55-DMA before dipping a little. Bears look for a close
below the NZ$1.0664 level that was previously seen as resistance, to ease the
current bullish pressure that is initially targeting the NZ$1.0759 Mar 7 high
and then the NZ$1.0890-1.0945 region above. Overall bears need a close below the
NZ$1.0623 Mar 24 low to shift focus back to the NZ$1.0535 level.
25-Mar-2014 21:40
AUSSIE-YEN TECHS: Focus Shifts To Y94.46-59 Region
*RES 4: Y95.67 - Monthly high Oct 22
*RES 3: Y94.59 - Monthly high Nov 20
*RES 2: Y94.46 - 2014 high Mar 7
*RES 1: Y94.15 - 21 day upper Bollinger band
*PRICE: Y93.73 @2100GMT
*SUP 1: Y93.25 - Low Mar 25
*SUP 2: Y92.46 - 100-DMA
*SUP 3: Y92.33 - 21-DMA
*SUP 4: Y91.86 - 200-DMA
*COMMENTARY: The sequence of higher highs/lows confirms bullish focus that sees
bulls targeting a retest of the key Y94.46-59 region. Bears now look for a close
below Tuesday's Y93.25 low to ease the current bullish pressure and hint at a
deeper correction that initially targets the key moving averages noted in the
Y91.86-92.46 region. Daily studies are supportive of further topside and have
room to move before becoming O/B.
25-Mar-2014 21:50
EURO-AUSSIE TECHS: Closes Below 100-DMA, Focus On A$1.4987 Retest
*RES 4: A$1.5449 - High Mar 17
*RES 3: A$1.5368 - High Mar 18
*RES 2: A$1.5254 - High Mar 21
*RES 1: A$1.5159 - 100-DMA
*PRICE: A$1.5085 @ 2100GMT
*SUP 1: A$1.4987 - 2014 Low Feb 12
*SUP 2: A$1.4802 - Monthly low Dec 2
*SUP 3: A$1.4784 - 200-DMA
*SUP 4: A$1.4713 - Low Nov 26
*COMMENTARY: The move lower continued Tuesday with the pair closing below the
100-DMA for the first time since mid-Nov. The close below further confirms
bearish focus that is targeting a retest of the 2014 low with a close below then
shifting focus to the 200-DMA. Bulls need a close above the 100-DMA to ease the
current bearish pressure with a close above the A$1.5254 Mar 21 high needed to
hint at a bigger bounce that targets the A$1.5535 Mar high so far.
25-Mar-2014 22:00
GOLD TECHS: Above $1319.4 Needed To Ease Bearish Pressure
*RES 4: $1368.0 - Hourly resistance Mar 18
*RES 3: $1348.6 - Hourly resistance Mar 19
*RES 2: $1343.1 - 21-DMA
*RES 1: $1319.4 - Low Feb 20 now resistance
*PRICE: $1312.0 @2100GMT
*SUP 1: $1297.0 - 200-DMA
*SUP 2: $1289.8 - 50.0% Fibonacci 1187.8-1391.8
*SUP 3: $1284.3 - Low Feb 12
*SUP 4: $1272.4 - 100-DMA
*COMMENTARY: Gold continued to work its way towards the layers of support
clustered in the $1297.0-1300.1 region with a close below then seeing focus
ratchet lower to the $1272.4-1284.3 region. Bears need to see a close above the
$1319.4 level that was previously noted as support, to ease the bearish pressure
while a close above $1348.6 is needed to confirm a break of the 21-DMA and shift
overall focus back to the $1367.5-1391.8 region.
dla tych co spać nie mogą wskazówki na kolejne nocki:
DUE UP: Key upcoming events in the Asia-Pacific in next few sessions:
- Mar 26 Australia RBA's Philip Lowe Speaks at CIFR Conference in Sydney
- Mar 26 AOFM sells A$700 million of 3.25% 21 April 2025 Bond line
- Mar 26 Australia RBA Financial Stability Review
- Mar 26 Australia RBA's Glenn Stevens speaks at Credit Suisse forum in Hong
Kong
- Mar 27 NZ Trade Balance (Feb)
- Mar 27 NZ to sell NZ$200 million nominal Bond
- Mar 27 China Industrial Profits (Feb)
- Mar 27 Japan to sell 2yr Bonds
- Mar 28 Japan Overall Household Spending (Feb)
- Mar 28 Japan Jobless Rate (Feb)
- Mar 28 Japan National CPI (Feb)
- Mar 28 Japan Tokyo CPI (Mar)
- Mar 28 Japan Retail Sales (Feb)
- Mar 28 AOFM sells A$700 million of 4.25% 21 July 2017 Bond line
LOOK AHEAD: Scheduled events pick up a bit today after a quiet start to the
week. With the RBA's Deputy Governor Philip Lowe due to give speech in Sydney at
0945 (2245 GMT). RBA Governor Glenn Stevens will also address the annual Credit
Suisse Asian Investment Conference at 1430 hours Sydney time (0330 GMT), and
again participate in a panel discussion later. At 1130 (0030 GMT), the RBA
releases its bi-annual Financial Stability Review where market will be
interested in comments on the housing market, and RBA's comfort with any future
house price rises and any macroprudential tool it may be considering.
In Japan, the Feb CSPI is due for release at 0850 Tokyo time (2350 GMT). Later
in the day, the METI releases its weekly gasoline prices data. Also in Japan,
the Ministry of Finance is due to sell Y5.7 trillion of three-month Treasury
discount bills today.