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200-DMA Now Supporting *RES 4:.....>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: 200-DMA Now Supporting
*RES 4: Php51.092 - 55-DMA 
*RES 3: Php51.030 - High Nov 20 
*RES 2: Php50.859 - 21-DMA 
*RES 1: Php50.750 - High Nov 24
*PRICE: Php50.630 @ 2300GMT
*SUP 1: Php50.492 - 200-DMA 
*SUP 2: Php50.240 - Monthly Low Nov 29 
*SUP 3: Php50.140 - Monthly Low Aug 4 
*SUP 4: Php49.970 - Low June 20
*COMMENTARY: Bulls took comfort in the aggressive break and close above the
200-DMA that eased bearish pressure with above Php50.750 needed to shift focus
to key DMAs Php50.971-51.092. Correcting O/S daily studies add support to the
bullish case. Initial support has been reconfirmed at the 200-DMA with bears
needing a close below to confirm a false break and return pressure to
Php49.970-50.140.

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