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Marginal Close Below 200-DMA.......>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Marginal Close Below 200-DMA
*RES 4: Php51.064 - 55-DMA 
*RES 3: Php51.030 - High Nov 20 
*RES 2: Php50.810 - High Dec 7 
*RES 1: Php50.762 - 21-DMA
*PRICE: Php50.500 @ 2300GMT
*SUP 1: Php50.440 - High Nov 29 now support 
*SUP 2: Php50.240 - Monthly Low Nov 29 
*SUP 3: Php50.140 - Monthly Low Aug 4 
*SUP 4: Php49.970 - Low June 20
*COMMENTARY: The 21-DMA capped the recovery from Nov lows with bears taking
comfort in the marginal close below the 200-DMA. bears now look for a close
below Php50.440 to confirm traction below the 200-DMA and initially pressure
Php49.970-50.140. Bulls now need a close above Php50.810 to ease bearish
pressure and shift initial focus to Php50.971-51.064.

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