MNI DOLLAR ASIA FX Technical Analysis

By Les Castell

     Click below for today's MNI FX Technical Analysis Report -

http://tinyurl.com/pzkomnu

     DOLLAR-SING TECHS: Sgdl1.3630-Sgdl1.3644 Bar The Way To Recovery

*RES 4: Sgd1.3681 76.4% Fibo of Sgdl1.3715-Sgdl1.3570

*RES 3: Sgd1.3660 Nov 6 high, 61.8% of Sgdl1.3715-Sgdl1.3570

*RES 2: Sgd1.3644 Nov 8 high

*RES 1: Sgd1.3630 Hourly resistance

*PRICE: Sgd1.3618 @0025GMT  

*SUP 1: Sgd1.3570 Nov 2 low

*SUP 2: Sgd1.3545 76.4% Fibo of Sgdl1.3492-Sgdl1.3715

*SUP 3: Sgd1.3531 50% Fibo of Sgdl1.3346-Sgdl1.3715

*SUP 4: Sgd1.3487/92 61.8% of Sgdl1.3346-Sgdl1.3715Oct 13 low

*COMMENTARY* Found support late last week at Sgdl1.3583, thereby keeping

attention away from the month's earlier Sgdl1.3570 base. This is a near term

positive but will now require any recovery to move back above Sgdl1.3630

initially and then more importantly Sgdl1.3644, before any real confidence in

the upside will appear. Loss of Sgdl1.3570 will disappoint now and open the way

for a further Sgdl1.3545 fall.

     DOLLAR-WON TECHS: Approaching Resistance From Former Lows

*RES 4: Krw1128.4 76.4% Fibo of Krw1134.50-Krw1108.6

*RES 3: Krw1126.6 1% volatility band

*RES 2: Krw1124.0 Oct 13 low, now resistance

*RES 1: Krw1121.2 Oct 26 low, now resistance

*PRICE: Krw1119.5 @ 0040GMT

*SUP 1: Krw1115.5 Nov 8 high, now support

*SUP 2: Krw1111.5 Nov 9 low

*SUP 3: Krw1108.6 Nov 1 low

*SUP 4: Krw1097.8 Sep 30 low 2016

*COMMENTARY* Has continued to recover over the early part of the month, since

finding a base at Krw1108.6 on Nov 1. Now approaching Krw1121.2, the first of

two former lows, the second at Krw1124.0, that are anticipated to provide

resistance to this rise. It will in fact take a move back above Krw1128.4

however, to switch the overall focus back to the topside. In the interim, look

to Krw1115.5 for initial support, Krw1111.5 below.

DOLLAR-MYR TECHS: Sharp Fall Threatens Year's Previous Base

*RES 4: Myr4.2380 Nov 6 high

*RES 3: Myr4.2275 Nov 9 high

*RES 2: Myr4.2205 Nov 7, Nov 8 lows, now resistance

*RES 1: Myr4.2025 Hourly resistance

*PRICE: Myr4.1800 @ 0055GMT                               

*SUP 1: Myr4.1790 1% volatility band

*SUP 2: Myr4.1735 May 30 high 2016, now support

*SUP 3: Myr4.1495 61.8% Fibo of Myr3.9330-Myr4.5000

*SUP 4: Myr4.1450 1.618 swing of Myr4.1815-Myr4.2405

*COMMENTARY* A sharp fall on Friday, losing support from the previous Myr4.2100

level in the process. The decline is now threatening the year's previous

Myr4.1815 base and the lower 1% volatility band at the slightly lower Myr4.1790

level. As a result, resistance also falls, Myr4.2025 initially, with

Myr4.2205-Myr4.2275 currently of more significance higher. Below Myr4.1790 and

drop continues, Myr4.1495-Myr4.1450 the next target zone below.

DOLLAR-CNH TECHS: Cnh6.6656 The Next Resistance To Surmount

*RES 4: Cnh6.6985 1% volatility band

*RES 3: Cnh6.6905 Oct 3 high

*RES 2: Cnh6.6689 Oct 4 high

*RES 1: Cnh6.6656 Oct 27 high

*PRICE: Cnh6.6585 @0110GMT

*SUP 1: Cnh6.6265 Nov 9 low

*SUP 2: Cnh6.6177 Nov 7 low

*SUP 3: Cnh6.6061 Nov 3 low

*SUP 4: Cnh6.5861 Nov 2 low

*COMMENTARY* Continues to rise following the base found at Cnh6.5861 at the

beginning of the month. Now approaching the Oct 27 high at Cnh6.6656. Back above

here would be further encouragment, the Oct 4 high at Cnh6.6689 then the next

barrier to surmount, ahead of key resistance from the Oct 3 high at Cnh6.6905.

Meanwhile, support comes from the Nov 9 low at Cnh6.6265 and this protects

against anything more untoward at present.

DOLLAR-PHP TECHS: Trying To Build On Php51.090 Support

*RES 4: Php51.760 Oct 30 high

*RES 3: Php51.640 Nov 1 high

*RES 2: Php51.480 Nov 8 high

*RES 1: Php51.380 Hourly resistance

*PRICE: Php51.350 @01201GMT   

*SUP 1: Php51.200 Hourly support

*SUP 2: Php51.130 Hourly base Nov 10

*SUP 3: Php51.090 Nov 10 low

*SUP 4: Php51.080 Nov 3 low

*COMMENTARY* Trying to build on support found over the early part of the month

from Php51.090. Slowly clawing it's way higher again, a move above 51.535 would

be the next encouragement for a further Php51.380 rise. In the meantime, nearest

support has risen to Php51.200 and this presently protects against any deeper

near term setback. Directly above Php51.380 will allow a higher Php51.480 foray

next.

DOLLAR-THB TECHS: Recovery Reliant On Thb33.07-Thb33.04 Hold

*RES 4: Thb33.40 Oct 9 high

*RES 3: Thb33.29 Oct 30 high

*RES 2: Thb33.24 Oct 31 high

*RES 1: Thb33.20 Nov 6 high

*PRICE: Thb33.10 @0135GMT   

*SUP 1: Thb33.07 Nov 2 low

*SUP 2: Thb33.04 Oct 13 low

*SUP 3: Thb32.89 76.4% Fibo of Thb31.73-Thb36.68

*SUP 4: Thb32.55 Apr 27 2015 low

*COMMENTARY* Has been finding support from above the longer term 76.4% Fibo

retrace level at Thb32.89. Lows of Thb33.04 and Thb33.07 over the last 2 months.

Nearest resistance of note now comes from the Nov 6 high at Thb33.200 and will

need to see gains back through here, before any confidence in a further

Thb33.24-Thb33.29 recovery will follow.

     DOLLAR-IDR TECHS: Rally Falters Ahead Of Idr13585 Fibo Resistance 

*RES 4: Idr13610 Oct 30 high

*RES 3: Idr13585 61.8% Fibo of Idr13658-Idr13468

*RES 2: Idr13576 Nov 10 high

*RES 1: Idr13565 Hourly resistance

*PRICE: Idr13548 @0145GMT                                 

*SUP 1: Idr13523 Hourly support

*SUP 2: Idr13514 7 day rising support line

*SUP 3: Idr13495 Nov 8 low

*SUP 4: Idr13468 Nov 3 low

*COMMENTARY* A messy recovery so far from the month's Idr13468 low. This has

gradually seen the upside move to a high of Idr13576 last Friday. This just shy

of the next Fibo retrace of note, the 61.8% level at Idr13585. As a result, has

become overbought in the near term, so looking to Idr13523 and then Idr13514 for

intraday clues. Loss of the latter would caution now.

     DOLLAR-INR TECHS: Rally Continues, Inr65.695 The Next resistance Of Note

*RES 4: Inr66.205 2% volatility band

*RES 3: Inr66.070 Sep 28 high

*RES 2: Inr65.730 Oct 6 high

*RES 1: Inr65.695 76.4% Fibo of Inr66.070-Inr64.480

*PRICE: Inr65.635 @0155GMT

*SUP 1: Inr64.940 Nov 9 low

*SUP 2: Inr64.810 Nov 6 high, now support

*SUP 3: Inr64.750 Nov 3 high, now support

*SUP 4: Inr64.650 Nov 7 lowlow

*COMMENTARY* gradually recouping some of the losses seen since the Sep 28 high

at Inr66.070. The next resistance of note now comes from the 76.4% Fibo retrace

level at Inr65.695. Will need to cross back above here in order to switch the

near term bias back to the topside. In the interim, support rises to the Nov 9

low at Inr64.940 and this prevents a deeper setback of gains seen from

Inr64.480.

--MNI London Bureau;tel: +44 207-862-7495; email: les.castell@marketnews.com

[TOPICS: MTABLE]