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Bulls Need Close Above Php52.213...>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Bulls Need Close Above Php52.213
*RES 4: Php52.560 - Low July 18 2006 now resistance 
*RES 3: Php52.501 - 2018 High Feb 19 
*RES 2: Php52.380 - High Feb 20 
*RES 1: Php52.213 - High Mar 8
*PRICE: Php51.979 @ 2300GMT
*SUP 1: Php51.784 - Bollinger band base 
*SUP 2: Php51.639 - Low Feb 23 
*SUP 3: Php51.464 - 55-DMA 
*SUP 4: Php51.400 - Low Feb 9
*COMMENTARY: Initial resistance remains at Php52.213 with bulls needing a close
above to gain breathing room and reconfirm initial focus on retests of 2018
highs. Daily studies are at neutral levels but narrowing Bollinger bands
increase the risk of a breakout in the near future. The break of Php51.872 has
so far lacked follow through although focus shifts to Php51.400-639 where the
55-DMA is located while Php51.213 caps. Below Php51.400 targets 100 & 200-DMAs.

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