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Bears Need Close Below Php51.295...>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Bears Need Close Below Php51.295
*RES 4: Php52.085 - Monthly Low July 10 2006 now resistance 
*RES 3: Php51.700 - High Aug 3 2006 
*RES 2: Php51.630 - High Oct 3 
*RES 1: Php51.560 - High Oct 11
*PRICE: Php51.430 @ 2300GMT
*SUP 1: Php51.295 - High Sept 15 now support 
*SUP 2: Php51.064 - 21-DMA 
*SUP 3: Php50.942 - 55-DMA 
*SUP 4: Php50.787 - Daily Bull channel base
*COMMENTARY: The recovery from a test of the 55-DMA last week has resulted in
closes above key levels that sees bullish focus back on 2017 highs and the
Php52.085-56 region. The Bollinger band top (Php51.450) remains the key concern
for bulls with potential to limit follow through. Bears continue to look for a
close below Php51.295 to ease bullish pressure and shift focus back to tests of
21 & 55-DMAs.

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