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DOLLAR-PHP TECHS: Bears Focused On 21-DMA
*RES 4: Php51.700 - High Aug 3 2006
*RES 3: Php51.630 - 2017 High Aug 18
*RES 2: Php51.390 - Low Aug 18 now resistance
*RES 1: Php51.240 - High Aug 29
*PRICE: Php51.170 @ 2300GMT
*SUP 1: Php50.900 - Lows Aug 11 & 14, 21-DMA
*SUP 2: Php50.840 - High July 25 now support
*SUP 3: Php50.680 - High Aug 9 now support
*SUP 4: Php50.609 - 55-DMA
*COMMENTARY: The correction lower from 2017 and 11year highs sees bears focused
on the 21-DMA with a close below needed to shift focus to Php50.485-680 where
the 55-DMA and bull channel base are located. Daily studies have corrected back
to more neutral levels. Bulls now need a close above Php51.390 to reconfirm
focus on tests of Php51.630-700 where 2017 highs are located.