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Technicals - AUD/USD, NZD/USD, AUD/JPY ( from MNI)

Posted by Akhilesh Ganti on Feb 18, 2013 5:19:00 PM

AUSSIE TECHS: Little Changed From Monday's Open

RES 4: 1.0578 - High Jan 16 & 22
RES 3: 1.0477 - High Jan 30
RES 2: 1.0398 - High Feb 6
RES 1: 1.0374 - High Feb 15

LATEST PRICE: 1.0304

SUP 1: 1.0228 - Low Feb 12
SUP 2: 1.0221 - 21 day lower Bollinger band
SUP 3: 1.0150 - Monthly low Oct 8
SUP 4: 1.0101 - Monthly low Jul 12

COMMENTARY: The AUD/USD is little changed from yesterday's opening levels after
dipping towards the Feb 12 low to start the week. The pair needs to close back
above the Feb 6 high to relieve the downside pressure with the 21-DMA just below
(1.0395) and the 100-DMA just above (1.0406) adding significance to this
region. While it caps overall focus remains on a retest of the key 1.0150
monthly low support from Oct 8.

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KIWI TECHS: $0.8390-05 Initial Support

RES 4: 0.8783 - 2011 high Aug 1 2011
RES 3: 0.8568 - Monthly high Aug 31 2011
RES 2: 0.8534 - High Feb 15
RES 1: 0.8499 - 21 day upper Bollinger band

LATEST PRICE: 0.8447

SUP 1: 0.8404 - 21 day moving average
SUP 2: 0.8308 - 21 day lower Bollinger band
SUP 3: 0.8281 - Weekly low Jan 28
SUP 4: 0.8265 - Ichimoku cloud base

COMMENTARY: The $0.8390-05 support region remains key for the Kiwi with a close
below needed to see focus return to layers of support in the 0.8280-05 region
with the 21 week moving average noted at 0.8290. While 0.8390-95 supports
potential remains for further spikes above the still rising 21 day upper
Bollinger band.

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AUSSIE-YEN TECHS: Threatening To Retest Key Resistance

RES 4: 99.93 - High Aug 7 2008
RES 3: 98.23 - High Aug 11 2008
RES 2: 97.40 - High Feb 5 & 6
RES 1: 96.96 - High Feb 14

LATEST PRICE: 96.78

SUP 1: 95.68 - 21 day moving average
SUP 2: 95.08 - Previous daily resistance now support
SUP 3: 94.13 - Low Jan 28
SUP 4: 92.50 - Low Jan 16

COMMENTARY: The AUD/JPY fell just short of initial resistance to start the week
following the bounce off the 21-DMA on Friday. The double daily top from Feb 5 &
6 remains key resistance with a close above needed to signal the next leg higher
and a continuation towards the psychological 100.00 level. The 95.00-10
region remains key support with a close below expected to hint at a deeper
correction.

 

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