MNI Asian Morning FX Technical Analysis

30 October 2017

By Kyle Shortland

Click below for today's MNI FX Technical Analysis Report -

http://tinyurl.com/h8lzqnc

AUSSIE TECHS: Focus Now On $0.7513-76

*RES 4: $0.7739 - Hourly resistance Oct 25tance

*RES 3: $0.7720 - Low Oct 11 now resistance

*RES 2: $0.7692 - 200-DMA

*RES 1: $0.7650 - Low Oct 26 now resistance

*PRICE: $0.7674 @ 2000GMT

*SUP 1: $0.7650 - Hourly support Oct 27 

*SUP 2: $0.7622 - Low Oct 27 

*SUP 3: $0.7576 - Daily Bear channel base 

*SUP 4: $0.7564 - Low June 26

*COMMENTARY: Bears have dominated last week with the close below the 200-DMA

seeing focus shift to $0.7513-76 where the daily bear channel base is noted. The

55-WMA comes in at $0.7630 and may slow the move. Overall bears look for a close

below $0.7312 to confirm focus on tests of 2017 lows. Bulls still need a close

above $0.7720 to ease bearish pressure and above $0.7775 to pressure the

$0.7818-0.7909 region where key DMAs and channel top are situated.

KIWI TECHS: Below 2017 Lows Shifts Overall Focus To 2016 Lows

*RES 4: $0.7056 - Hourly resistance Oct 19 

*RES 3: $0.7007 - Hourly resistance Oct 20 

*RES 2: $0.6940 - Hourly resistance Oct 24 

*RES 1: $0.6912 - High Oct 25

*PRICE: $0.6863 @ 2000GMT

*SUP 1: $0.6854 - Hourly resistance Oct 27 now resistance

*SUP 2: $0.6816 - 2017 Low May 11 & Oct 27

*SUP 3: $0.6667 - Low Mar 28 2016

*SUP 4: $0.6543 - Low Feb 16 2016

*COMMENTARY: Bears take additional comfort last week in the weekly close below

the LT bull channel base ($0.6974) and now look for a close below 2017 lows to

shift immediate focus to $0.6667 and overall focus to tests of 2016 lows

($0.6346). O/S daily studies and the Bollinger base ($0.6819) are key concerns

for bears. Layers of resistance are accumulating and weighing with bulls needing

a close above $0.6912 to ease immediate bearish pressure.

AUSSIE-KIWI TECHS: NZ$1.1092-1.1140 Support Remains Key

*RES 4: NZ$1.1347 - Monthly High Sept 17 2015

*RES 3: NZ$1.1328 - 2016 High Mar 23

*RES 2: NZ$1.1291 - 2017 High Oct 25

*RES 1: NZ$1.1240 - High Oct 26

*PRICE: NZ$1.1167 @ 2000GMT

*SUP 1: NZ$1.1140 - Low Oct 27

*SUP 2: NZ$1.1092 - High Sept 15 now support

*SUP 3: NZ$1.1035 - 21-DMA

*SUP 4: NZ$1.1025 - Previous key resistance now support

*COMMENTARY: Bullish confidence grew with Tuesday's rally but the Bollinger top

(NZ$1.1285) remains a concern for bulls and continues to limit follow through.

In saying that, bears now need a close below NZ$1.1140 to gain breathing room

and below NZ$1.1092 to shift focus back to NZ$1.0968-1.1035 where key DMAs and

the bull channel base are noted. While NZ$1.1140 supports bulls focus on

NZ$1.1328-1.1431 where 2015 highs and the bull channel top are situated.

AUSSIE-YEN TECHS: Flirting With 100-DMA

*RES 4: Y88.37 - Low Oct 19 now resistance 

*RES 3: Y87.98 - 21-DMA 

*RES 2: Y87.80 - 55-DMA 

*RES 1: Y87.46 - High Oct 27

*PRICE: Y87.18 @ 2030GMT

*SUP 1: Y87.03 - Low Oct 27

*SUP 2: Y86.54 - Low Sept 26

*SUP 3: Y86.54 - Low Sept 26, Bear channel base

*SUP 4: Y85.96 - 200-DMA

*COMMENTARY: Topside follow through was lacking last week resulting in closes

below 55 & 21-DMAs and bull channel base (Y88.04) that sees immediate focus now

on the 100-DMA. Bears now look for a close below Y87.03 to confirm a break of

the 100-DMA and confirm focus on Y85.96-86.54 where the channel base and 200-DMA

are noted. Bulls need a close above the 55-DMA to ease bearish pressure and

above Y88.37 to confirm a correction back to Y89.06.

EURO-AUSSIE TECHS: Focus Shifts To A$1.4998-1.5087 

*RES 4: A$1.5298 - Alternating hourly support/resistance

*RES 3: A$1.5255 - High Oct 27

*RES 2: A$1.5187 - Hourly resistance Oct 27

*RES 1: A$1.5138 - Alternating hourly support/resistance

*PRICE: A$1.5131 @ 2000GMT

*SUP 1: A$1.5097 - Hourly support Oct 24 

*SUP 2: A$1.5087 - High Oct 20 now support, 21-DMA 

*SUP 3: A$1.5015 - Daily Bull channel base 

*SUP 4: A$1.4998 - 55-DMA

*COMMENTARY: The dramatic sell-off after trading at fresh 2017 and 16mth highs

left the pair looking very heavy with losses Friday seeing bears now focused on

A$1.4998-1.5087 where 21 & 55-DMA and the bull channel base are situated. Bears

need a close below the 55-DMA to hint at a move to A$1.4790 Sept lows with below

the 100-DMA (A$1.4913) to confirm. Bulls now look for a close above A$1.5255 to

shift focus back to recent 2017 highs.

US DOLLAR-INDEX TECHS: Bears Need Close Below 94.306

*RES 4: 96.205 - High July 11 

*RES 3: 95.464 - Low July 13 now resistance 

*RES 2: 95.188 - Daily Bull channel top 

*RES 1: 95.167 - High July 20

*PRICE: 94.916 @ 2030GMT

*SUP 1: 94.717 - High Oct 26 now support

*SUP 2: 94.544 - Hourly support Oct 26

*SUP 3: 94.306 - Hourly resistance Oct 26 now support

*SUP 4: 94.022 - 100-DMA

*COMMENTARY: The pair dipped below the 21-DMA marginally Thursday before an

aggressive rally saw closes above the 21-WMA (94.056) and 100-DMA that confirmed

bullish focus on 95.167-464 where the daily bull channel top is noted. Bears now

need a close below 94.306 to ease bullish pressure and below the 100-DMA to

shift focus back to 92.724-93.597. The Bollinger top (94.520) and O/B studies

are now concerns for bulls.

EURO-DOLLAR TECHS: $1.1689-1.1725 Resistance Key

*RES 4: $1.1785 Hourly resistance Oct 26 

*RES 3: $1.1725 Low Oct 23 now resistance 

*RES 2: $1.1689 Hourly support Oct 26 now resistance 

*RES 1: $1.1644 Hourly resistance Oct 27

*PRICE: $1.1612 @ 1930GMT

*SUP 1: $1.1575 Low Oct 27 

*SUP 2: $1.1530 Daily bear channel base 

*SUP 3: $1.1478 Low July 20 

*SUP 4: $1.1369 High July 5 now support

*COMMENTARY: Following the topside failure around the 55-DMA ($1.1831) last week

the pair headed lower with bears currently focused on the $1.1478-1.1575 region

where the bear channel base is noted. The weekly close below the 200-WMA

($1.1671) adds weight to the bearish case. The Bollinger base ($1.1622) is the

key concern and currently limits follow through. Bulls now look for a close

above $1.1689 to ease bearish pressure and above $1.1725 to target the 55-DMA.

DOLLAR-YEN TECHS: Bears Need Close Below Y113.25

*RES 4: Y115.62 High Jan 19 

*RES 3: Y115.24 Falling LT weekly TL 

*RES 2: Y114.49 Monthly High July 11 

*RES 1: Y114.00 Hourly resistance Oct 28

*PRICE: Y113.61 @ 1930GMT

*SUP 1: Y113.55 Hourly support Oct 26 

*SUP 2: Y113.25 Low Oct 24 

*SUP 3: Y113.06 Hourly support Oct 20a 

*SUP 4: Y112.74 Hourly resistance Oct 19 now support

*COMMENTARY: Bulls repeatedly failed to take out the key Y114.49 resistance last

week with the pair looking a little heavy as a result. Bulls still need a close

above Y114.49 to shift initial focus to Y115.34-62. The Bollinger top (Y114.13)

is the key concern for bulls. Bears now look for a close below Y113.25 to

confirm an easing of bullish pressure and shift focus back to layers of support

Y111.33-112.30 where key DMAs are situated.

SPOT GOLD TECHS: Finding Support Ahead Of 200-DMA

*RES 4: $1291.1 - Hourly resistance Oct 19 

*RES 3: $1283.7 - High Oct 24 

*RES 2: $1281.1 - 21-DMA 

*RES 1: $1275.0 - 100-DMA

*PRICE: $1273.6 @ 2030GMT

*SUP 1: $1262.2 - Bollinger band base 

*SUP 2: $1260.6 - Low Oct 6 

*SUP 3: $1259.6 - 200-DMA 

*SUP 4: $1248.7 - Daily Bull channel base

*COMMENTARY: Bears take comfort from a close below the 100-DMA that confirmed

focus on $1243.8-1260.6 where the 200-DMA and channel base are situated. Bears

now need a close below $1243.8 to shift focus to $1194.9-1204.9 where July lows

are noted. Layers of resistance are weighing with bulls now needing a close

above $1283.7 to ease bearish pressure initially correct back to $1291.1-1297.0

where the 55-DMA is found.

--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com

[TOPICS: MTABLE]