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21-DMA Capping, Looking A Little...>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: 21-DMA Capping, Looking A Little Heavy
*RES 4: Php50.876 - Bollinger band top 
*RES 3: Php50.840 - High July 25 
*RES 2: Php50.730 - High July 26 
*RES 1: Php50.637 - 21-DMA
*PRICE: Php50.570 @ 2300GMT
*SUP 1: Php50.400 - Low July 13 
*SUP 2: Php50.398 - Bollinger band base 
*SUP 3: Php50.330 - Low June 30 
*SUP 4: Php50.160 - Low June 21
*COMMENTARY: Recent 2017 highs have lacked follow through with the correction
seeing the pair gaining traction below the 21-DMA. Bears continue to look for a
close below Php50.330 to shift focus back to Php50.102-160 where 55 & 100-DMAs
are situated. Bulls continue to look for a close above the 21-DMA to ease
bearish pressure and above Php50.840 to shift focus back to tests of 2017 highs.

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