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Bulls Need Close Above Php52.170...>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Bulls Need Close Above Php52.170
*RES 4: Php52.483 - High Apr 24 
*RES 3: Php52.347 - Bollinger band top 
*RES 2: Php52.170 - Low Apr 25 now resistance 
*RES 1: Php52.044 - 55-DMA
*PRICE: Php51.927 @ 2300GMT
*SUP 1: Php51.569 - Monthly Low Apr 30 
*SUP 2: Php51.433 - 100-DMA 
*SUP 3: Php51.400 - Low Feb 9 
*SUP 4: Php51.204 - 200-DMA
*COMMENTARY: The recovery from last week's low sees the pair pressuring the
55-DMA. Bulls now look for a close above Php52.170 to end bearish hopes and
return initial focus to 2018 highs. Bears now need a close below the 200-DMA to
hint at a move back to 2018 lows with a close below Php51.030 needed to confirm.
Daily studies are well placed for a fresh leg higher as they correct from
modestly O/S levels.

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