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Above Php50.750 To Pressure Key....>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Above Php50.750 To Pressure Key DMAs
*RES 4: Php51.098 - 55-DMA 
*RES 3: Php51.030 - High Nov 20 
*RES 2: Php50.887 - 21-DMA 
*RES 1: Php50.750 - High Nov 24
*PRICE: Php50.665 @ 2300GMT
*SUP 1: Php50.488 - 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 take comfort in the aggressive break and close above the
200-DMA that eases bearish pressure with above Php50.750 to shift focus to key
DMAs Php50.887-51.098. Correcting O/S daily studies add support to the bullish
case. Initial support is now noted 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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