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200-DMA Resistance Key This Week...>

DOLLAR-WON TECHS
DOLLAR-WON TECHS: 200-DMA Resistance Key This Week
*RES 4: Krw1137.7 - 200-DMA
*RES 3: Krw1135.0 - High Oct 23
*RES 2: Krw1133.3 - 21-DMA
*RES 1: Krw1132.1 - 55-DMA
*PRICE: Krw1130.5 @ 2300GMT
*SUP 1: Krw1125.8 - High Oct 26 now support
*SUP 2: Krw1121.5 - Bollinger band base
*SUP 3: Krw1121.2 - Low Aug 30
*SUP 4: Krw1119.0 - Low Aug 28
*COMMENTARY: Bears failed to capitalise on the break below Krw1125.1 last week
with a gapping move higher Friday seeing the pair again flirting with key DMAs.
The 200-DMA is key resistance this week with bulls needing a close above to
shift initial focus to Krw1143.0-1150.0 and overall focus back to Krw1157.8 July
highs. The Krw1119.0 support remains key with bears needing a close below to
confirm focus on tests of 2017 lows.

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