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MNI Asian Morning FX Technical Analysis 

29 August 2017
By Kyle Shortland
Click below for today's MNI FX Technical Analysis Report -
http://tinyurl.com/h8lzqnc
AUSSIE TECHS: Bulls Focused On $0.8044-65
*RES 4: $0.8065 - 2017 High July 27
*RES 3: $0.8044 - High Aug 1
*RES 2: $0.7998 - Hourly resistance Aug 1
*RES 1: $0.7973 - High Aug 28
*PRICE: $0.7962 @ 2130GMT
*SUP 1: $0.7952 - Hourly support Aug 28 
*SUP 2: $0.7925 - Hourly support Aug 28a 
*SUP 3: $0.7913 - Low Aug 28 
*SUP 4: $0.7895 - Hourly support Aug 25
*COMMENTARY: Support around the bull channel base last week has provided the
catalyst for a break of the key $0.7963 resistance with bulls now focused on the
$0.8044-65 region where 2017 highs are located. Support layers are building with
bears needing a close below $0.7913 To confirm a false break and below $0.7863
to confirm a break of the channel base ($0.7889) and shift immediate focus to
$0.7789-0.7807 where the 55-DMA ($0.7789) is located.
KIWI TECHS: $0.7337-91 Resistance Region Key
*RES 4: $0.7319 - 55-DMA 
*RES 3: $0.7299 - Hourly resistance Aug 22 
*RES 2: $0.7273 - Low Aug 22 now resistance 
*RES 1: $0.7263 - High Aug 28
*PRICE: $0.7256 @ 2100GMT
*SUP 1: $0.7229 - Low Aug 30 
*SUP 2: $0.7210 - Hourly support Aug 25 
*SUP 3: $0.7192 - Low Aug 24
*SUP 4: $0.7173 - 100-DMA
*COMMENTARY: The break of the $0.7277 support was noted as a concern for bulls
and sees bears focused on the $0.7115-70 region where 100 & 200-DMAs are
situated. Layers of resistance continue to build with bulls still needing a
close above $0.7273 to shift focus back to $0.7319-0.7337 where 21 & 55-DMAs are
located. Bears need a close below the 200-DMA ($0.7126) to target 2017 lows.
AUSSIE-KIWI TECHS: NZ$1.0880-1.0913 Support Region Key
*RES 4: NZ$1.1147 - Low Apr 21 now resistance
*RES 3: NZ$1.1034 - Low Apr 13 now resistance
*RES 2: NZ$1.1020 - 2017 High Mar 16
*RES 1: NZ$1.0983 - High Aug 28
*PRICE: NZ$1.0975 @ 2100GMT
*SUP 1: NZ$1.0942 - Hourly support Aug 28
*SUP 2: NZ$1.0913 - Hourly resistance Aug 23 now support
*SUP 3: NZ$1.0880 - High Aug 17 now support
*SUP 4: NZ$1.0858 - Low Aug 23
*COMMENTARY: Bulls took comfort in support emerging on dips back towards the
21-DMA and channel base which provided the catalyst for a break higher that
reconfirmed the bullish bias and sees bulls focused on NZ$1.1020-34. Bulls need
a close above NZ$1.1034 to confirm focus on NZ$1.1147-95. Support layers are
following the pair higher with bears now needing a close below NZ$1.0913 to ease
bullish pressure and below NZ$1.0880 to shift focus back to NZ$1.0794-1.0817.
AUSSIE-YEN TECHS: Y87.55-88.02 Resistance Region Key
*RES 4: Y88.32 - Bollinger band top 
*RES 3: Y88.02 - High Aug 7 
*RES 2: Y87.56 - High Aug 17 
*RES 1: Y87.11 - High Aug 28
*PRICE: Y87.04 @ 2100GMT
*SUP 1: Y86.73 - Hourly support Aug 28
*SUP 2: Y86.42 - Hourly support Aug 25
*SUP 3: Y86.14 - Hourly resistance Aug 24 now support
*SUP 4: Y85.91 - Low Aug 24
*COMMENTARY: The recovery from last week's low sees the pair close above the
21-DMA (Y86.94) which adds support to the bullish case for a test of
Y87.55-88.02. Bulls need a close above Y88.02 to end bearish hopes and shift
focus to Y88.81-89.42 where 2017 highs are noted. While Y87.56 caps bears remain
focused on the Y84.99-85.42 support region where 100 (Y84.99) & 200-DMAs are
located with a close below the 100-DMA to initially target Y83.72 June 22 lows.
EURO-AUSSIE TECHS: Bulls Focused On 2017 High 
*RES 4: A$1.5298 - High June 20 2016
*RES 3: A$1.5226 - 2017 High June 1
*RES 2: A$1.5109 - High June 6
*RES 1: A$1.5106 - Hourly resistance Aug 28
*PRICE: A$1.5037 @ 2100GMT
*SUP 1: A$1.4990 - High Aug 24 now support 
*SUP 2: A$1.4900 - Hourly support Aug 23 
*SUP 3: A$1.4880 - Hourly support Aug 23a 
*SUP 4: A$1.4827 - Low Aug 22
*COMMENTARY: Having found support ahead of the 55-DMA (A$1.4830) bulls
capitalised last week with a rally that now sees bulls focused on
A$1.5223-1.5364 where 2017 highs are located. The Bollinger top (A$1.5045) is
the key concern for bulls with potential to limit follow through. Bears now look
for a close below A$1.4990 to ease immediate bullish pressure and below A$1.4880
to shift focus to A$1.4732.
US DOLLAR-INDEX TECHS: Trading Below 200-WMA
*RES 4: 93.451 - Hourly resistance Aug 23 
*RES 3: 93.117 - Hourly support Aug 25 now resistance 
*RES 2: 92.820 - Hourly resistance Aug 25a 
*RES 1: 92.591 - 200-WMA
*PRICE: 92.248 @ 2130GMT
*SUP 1: 92.184 - 2017 Low Aug 28
*SUP 2: 91.919 - 2016 Low May 3
*SUP 3: 91.514 - Low Jan 15 2015
*SUP 4: 91.117 - Low Jan 6 2015
*COMMENTARY: Failure by bulls to capitalise on the recovery from the week's low
last week has resulted in fresh 2017 and 15mth lows and the pair trading below
the 200-WMA for the first time since May 2014. Immediate bearish focus is now on
the 2016 low with a close below to target 89.776-90.325 where 2015 lows are
located. Bulls need a close above the 200-WMA to gain breathing room and above
93.117 to shift focus back to 93.451-94.145.
EURO-DOLLAR TECHS: Bears Need Close Below $1.1943
*RES 4: $1.2254 High Dec 25 2014 
*RES 3: $1.2119 Daily Bull channel top 
*RES 2: $1.2092 Low Jan 1 2016 now res 
*RES 1: $1.1983 2017 High Aug 28
*PRICE: $1.1977 @ 2030GMT
*SUP 1: $1.1943 Hourly resistance Aug 28 now support 
*SUP 2: $1.1916 Hourly support Aug 25 
*SUP 3: $1.1890 Hourly resistance Aug 25 now support 
*SUP 4: $1.1861 Alternating hourly support/resistance
*COMMENTARY: Fresh 2017 highs continue tor the pair as bulls focus on the daily
bull channel top around $1.2119 today. Daily studies have room to move before
O/B is an issue but the Bollinger top ($1.1923) is now a concern for bulls.
Layers of support continue to build with bears now needing a close below $1.1916
to ease bullish pressure and below $1.1839 to shift focus back to $1.1663-65
where the bull channel base is noted.
DOLLAR-YEN TECHS: Immediate Focus On Y107.47-109.10
*RES 4: Y110.37 High Aug 17 
*RES 3: Y110.03 Hourly resistance Aug 17 
*RES 2: Y109.83 High Aug 23 
*RES 1: Y109.48 Alternating hourly support/resistance
*PRICE: Y109.27 @ 2030GMT
*SUP 1: Y109.06 Hourly support Aug 24 
*SUP 2: Y108.61 Low Aug 18 
*SUP 3: Y108.10 2017 Low Apr 17 
*SUP 4: Y107.47 Monthly High July 21 now support
*COMMENTARY: The Y107.45-108.10 support remains key. Bears need a close below
Y108.10 to hint at a shift lower with below Y107.47 to confirm immediate focus
on Y106.95 and overall focus on Y99.08-101.16. The Y110.37 resistance remains
key with bulls needing a close above to confirm breaks of the 21-DMA (Y109.82)
and bear channel top (Y109.69), returning focus to Y111.05-33 and above this
region to target the 200-DMA (Y112.53).
SPOT GOLD TECHS: Focus Remains On $1320.5-1337.4
*RES 4: $1343.6 - High Sept 22 
*RES 3: $1337.4 - Monthly High Nov 9 
*RES 2: $1320.5 - Daily Bull channel top 
*RES 1: $1312.0 - 2017 High Aug 28
*PRICE: $1311.3 @ 2130GMT
*SUP 1: $1303.5 - Hourly support Aug 28 
*SUP 2: $1299.5 - Hourly resistance Aug 28 now support 
*SUP 3: $1295.5 - Hourly support Aug 28a 
*SUP 4: $1287.9 - Hourly support Aug 25
*COMMENTARY: Volatility Friday saw gold dip into the previously noted
$1267.5-1277.7 support region before rallying aggressively and trading at fresh
2017 and 10mth highs Monday. Initial bullish focus remains on the$1320.5-1337.4
region where the bull channel top and Sept highs are situated. Bears now need a
close below $1303.5 to ease bullish pressure and below $1295.5 to hint at a
correction back to $1275.3.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
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