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Immediate Focus Shifts To 2017.....>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Immediate Focus Shifts To 2017 High
*RES 4: Php52.560 - Low July 18 2006 now resistance 
*RES 3: Php52.085 - Monthly Low July 10 2006 now resistance 
*RES 2: Php51.700 - High Aug 3 2006 
*RES 1: Php51.630 - High Oct 3
*PRICE: Php51.440 @ 2300GMT
*SUP 1: Php51.390 - Alternating daily support resistance 
*SUP 2: Php51.295 - High Sept 15 now support 
*SUP 3: Php51.021 - 21-DMA 
*SUP 4: Php50.921 - 55-DMA
*COMMENTARY: The recovery from a test of the 55-DMA last week has resulted in a
close above key levels that now sees bullish focus back on 2017 highs and the
Php52.085-56 region. The Bollinger band top (Php51.349) is the key concern for
bulls with potential to limit follow through. Bears now need a close below
Php51.295 to ease bullish pressure and shift focus back to tests of 21 &
55-DMAs.

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