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Bears Need Close Below Php51.295...>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Bears Need Close Below Php51.295
*RES 4: Php52.560 - Low July 18 2006 now resistance 
*RES 3: Php52.085 - Monthly Low July 10 2006 now resistance 
*RES 2: Php51.700 - High Aug 3 2006 
*RES 1: Php51.630 - High Oct 3
*PRICE: Php51.390 @ 2300GMT
*SUP 1: Php51.295 - High Sept 15 now support 
*SUP 2: Php51.075 - 21-DMA 
*SUP 3: Php50.954 - 55-DMA 
*SUP 4: Php50.787 - Daily Bull channel base
*COMMENTARY: Consolidation above the Php51.295 support continues with bulls
needing a close above Php51.700 to confirm focus on the Php52.085-56 region. The
Bollinger band top (Php51.484) 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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