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Free AccessBulls Need Close Above Bear........>
DOLLAR-WON TECHS: Bulls Need Close Above Bear Channel Top
*RES 4: Krw1108.3 - Low Nov 1 now resistance
*RES 3: Krw1098.4 - 2018 High Feb 6
*RES 2: Krw1089.0 - Daily Bear channel top off Sept High
*RES 1: Krw1087.9 - 100-DMA
*PRICE: Krw1081.9 @ 2300GMT
*SUP 1: Krw1078.8 - 21-DMA
*SUP 2: Krw1067.8 - Low Feb 27
*SUP 3: Krw1060.9 - Low Feb 16
*SUP 4: Krw1054.7 - 2018 Low Jan 15
*COMMENTARY: The 100-DMA reconfirmed significance as resistance having so far
capped the recovery from Feb lows. Bulls need a close above the bear channel top
to confirm a break of the 100-DMA and hint at a move back to Krw1108.3-1121.8
where the 200-DMA (Krw1109.8) is found. The 21-DMA is initial support with bears
needing a close below to ease pressure on resistance layers. Below Krw1067.8 is
needed to confirm initial focus on retests of 2018 lows.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.