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21-DMA Resistance Key Today *RES...>

DOLLAR-WON TECHS
DOLLAR-WON TECHS: 21-DMA Resistance Key Today
*RES 4: Krw1087.6 - High Mar 1
*RES 3: Krw1086.2 - Daily Bear channel top off Sept high
*RES 2: Krw1085.0 - 100-DMA
*RES 1: Krw1075.8 - 21-DMA
*PRICE: Krw1073.2 @ 2300GMT
*SUP 1: Krw1059.5 - Low Mar 6
*SUP 2: Krw1054.7 - 2018 Low Jan 15
*SUP 3: Krw1045.6 - Monthly Low Oct 29 2014
*SUP 4: Krw1032.3 - Daily Bear channel base
*COMMENTARY: The 100-DMA reconfirmed significance as resistance having so far
capped the recovery from Feb lows. Topside hesitation has taken its toll with an
aggressive sell-off and bearish close that sees immediate focus on 2018 lows and
overall focus on the bear channel base around Krw1033.2. Daily studies have room
to move but the Bollinger base is a concern and currently limits follow through.
Bulls now need a close above the 21-DMA to ease bearish pressure.

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