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Free AccessMNI US Macro Weekly: Politics To The Fore
MNI Credit Weekly: Le Vendredi Noir
Focus Back on 2018 Low *RES 4:.....>
DOLLAR-WON TECHS: Focus Back on 2018 Low
*RES 4: Krw1081.2 - Daily Bear channel top off Sept high
*RES 3: Krw1079.4 - 100-DMA
*RES 2: Krw1075.8 - Low Mar 5 now resistance
*RES 1: Krw1067.4 - Low Mar 20 now resistance
*PRICE: Krw1070.8 @ 2300GMT
*SUP 1: Krw1059.5 - Low Mar 6
*SUP 2: Krw1057.9 - Bollinger band base
*SUP 3: Krw1054.7 - 2018 Low Jan 15
*SUP 4: Krw1045.6 - Monthly Low Oct 29 2014
*COMMENTARY: The pair failed to gain traction above 21 & 55-DMAs with the close
below Krw1067.4 easing bullish pressure and retuning focus to Krw1054.7-1059.5
where 2018 lows and the Bollinger base are located. Below 2018 lows is needed to
target the bear channel base (Krw1027.3). Bulls continue to look for a close
above the bear channel top to hint at a move back to Krw1098.4 2018 highs. Above
Krw1087.6 is needed to confirm.
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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.