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Bears Need Close Below 55-DMA......>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Bears Need Close Below 55-DMA
*RES 4: Php51.390 - Low Aug 18 now resistance 
*RES 3: Php51.295 - High Sept 15 
*RES 2: Php51.284 - Bollinger band top 
*RES 1: Php51.165 - High Sept 28
*PRICE: Php51.013 @ 2300GMT
*SUP 1: Php50.859 - 55-DMA 
*SUP 2: Php50.720 - Low Sept 27 
*SUP 3: Php50.550 - Low Aug 9 
*SUP 4: Php50.447 - 100-DMA
*COMMENTARY: Time spent below the 55-DMA was brief with the recovery seeing the
pair flirting with the 21-DMA (Php51.013). Bulls now look for a close above
Php51.390 to return focus to 2017 highs. Daily studies are well placed for a
fresh leg higher. Bears now need a close below the 55-DMA to ease renewed
bullish pressure and shift focus back to Php50.447-550 where the 100-DMA is
located.

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