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Free AccessConfirms Break Of Bear Channel.....>
DOLLAR-WON TECHS: Confirms Break Of Bear Channel Top
*RES 4: Krw1105.8 - 55-DMA
*RES 3: Krw1098.4 - 2018 High Feb 6
*RES 2: Krw1097.4 - 200-DMA
*RES 1: Krw1087.6 - High Mar 1
*PRICE: Krw1080.2 @ 2300GMT
*SUP 1: Krw1075.8 - High Mar 27 now support
*SUP 2: Krw1072.5 - 100-DMA
*SUP 3: Krw1066.4 - 21-DMA
*SUP 4: Krw1058.7 - Low Apr 6
*COMMENTARY: Bulls regained the upper hand with an aggressive rally and close
above the bear channel top of Sept highs Monday that sees immediate focus shift
to Krw1087.6 Mar highs and overall focus to Krw1097.4-1105.8 where 2018 highs,
200-DMA and 55-WMA are noted. bears now need a close below the 100-DMA to ease
bullish pressure and below the 21-DMA to return initial focus to Krw1058.7.
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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.