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Closes Below 200-DMA *RES 4:.......>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Closes Below 200-DMA
*RES 4: Php51.124 - 55-DMA 
*RES 3: Php51.030 - High Nov 20 
*RES 2: Php50.750 - High Nov 24 
*RES 1: Php50.477 - 200-DMA
*PRICE: Php50.350 @ 2300GMT
*SUP 1: Php50.334 - Bollinger band base 
*SUP 2: Php50.250 - Low Aug 7 
*SUP 3: Php50.159 - Daily Bear channel base 
*SUP 4: Php50.140 - Monthly Low Aug 4
*COMMENTARY: Pressure on the 200-DMA has taken its toll with the first close
below since Sept 2016 adding weight to the bearish case. Immediate bearish focus
shifts to Php50.12-14. O/S daily studies and Bollinger base (Php50.334) remain
key concerns for bears. The 200-DMA is now initial resistance with bulls needing
a close above to ease immediate bearish pressure and above Php50.750 shift focus
to Php51.030-230 where key DMAs are located.

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