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MNI Dollar-Asia Morning FX Technical Analysis 

3 August 2017
By Kyle Shortland
Please click on this link to access MNI's daily Dollar-Asia FX Technical
Analysis Pdf http://tinyurl.com/pzkomnu
DOLLAR-SING TECHS: Increased Risk Of Correction Higher
*RES 4: Sgd1.3720 - High July 17 
*RES 3: Sgd1.3671 - 21-DMA 
*RES 2: Sgd1.3643 - Hourly support July 20 now resistance 
*RES 1: Sgd1.3614 - High July 28
*PRICE: Sgd1.3590 @ 2300GMT
*SUP 1: Sgd1.3565 - Low Aug 2 
*SUP 2: Sgd1.3536 - 2017 Low July 27 
*SUP 3: Sgd1.3505 - Low Sept 22 
*SUP 4: Sgd1.3483 - Bollinger band base
*COMMENTARY: Support layers emerging on dips and a lack of follow through on
recent 2017 lows is a concern for bears and hints at a correction back to
Sgd1.3643-71 where the 21-DMA is located. Bears now need a close below Sgd1.3536
to reconfirm a bearish bias and target the 200-WMA (Sgd1.3444). Bulls continue
to look for a close above the 21-DMA to hint at a move back to Sgd1.3773-87 with
above Sgd1.3720 to confirm.
DOLLAR-WON TECHS: Bulls Need Close Above 21-DMA
*RES 4: Krw1130.6 - 21-DMA
*RES 3: Krw1130.4 - 100-DMA
*RES 2: Krw1130.0 - 55-DMA
*RES 1: Krw1126.6 - Low July 17 now resistance
*PRICE: Krw1124.0 @ 2300GMT
*SUP 1: Krw1114.3 - High July 27 now support
*SUP 2: Krw1110.5 - 2017 Low Mar 28
*SUP 3: Krw1107.0 - Low Oct 10
*SUP 4: Krw1102.1 - Bollinger band base
*COMMENTARY: The Krw1126.6-1130.6 resistance region where key DMAs are situated
remains key with bulls needing a close above the 21-DMA to confirm an easing of
bearish pressure and shift focus to Krw1139.8-1147.1 where the 200-DMA
(Krw1146.8) is located. While Krw1126.6-1130.6 caps bears retain the advantage
but need a close below Krw1114.3 to ease pressure on Krw1126.6 and target a
break of 2017 lows.
DOLLAR-MYR TECHS: Myr4.2980-3087 Resistance Key
*RES 4: Myr4.3270 - High June 28 
*RES 3: Myr4.3087 - High July 10 
*RES 2: Myr4.3049 - Bollinger band top 
*RES 1: Myr4.2980 - High July 21
*PRICE: Myr4.2840 @ 2100GMT
*SUP 1: Myr4.2693 - Bollinger band base 
*SUP 2: Myr4.2664 - Low July 19 
*SUP 3: Myr4.2465 - 2017 Low June 20 
*SUP 4: Myr4.2440 - Low Nov 10
*COMMENTARY: Follow through has been lacking on pops above 21 & 55-DMAs in
recent weeks and again this week which is a concern for bulls who need a close
above Myr4.3087 to hint at a move that tests 100 (Myr4.3344) & 200 (Myr4.3675)
DMAs. Until closes above 21 & 55-DMAs gain traction bears retain the upper hand
and remain focused on tests of Myr4.2380-4.2465 where 2017 lows are located.
DOLLAR-CNH TECHS: Bulls Need Close Above Cnh6.7377
*RES 4: Cnh6.7725 - Low July 3 now resistance 
*RES 3: Cnh6.7598 - High July 26, 21-DMA 
*RES 2: Cnh6.7483 - High July 28 
*RES 1: Cnh6.7377 - High July 31
*PRICE: Cnh6.7270 @ 2300GMT
*SUP 1: Cnh6.7153 - 2017 Low Aug 1 
*SUP 2: Cnh6.7085 - Bollinger band base 
*SUP 3: Cnh6.6879 - Low Oct 5 
*SUP 4: Cnh6.6746 - 100-WMA
*COMMENTARY: Fresh 2017 and 10mth lows lacked follow through Tuesday which is a
concern for bears given the proximity of the Bollinger base and daily studies
looking to correct from modestly O/S levels. Bulls need a close above Cnh6.7377
to gain breathing room and above Cnh6.7483 to shift focus back to Cnh6.7598
where the 21-DMA is located. While Cnh6.7377 caps bears focus on tests of the
100-WMA. A close below the 100-WMA was last seen in Nov 2014.
DOLLAR-PHP TECHS: Php50.330 Support Remains Key
*RES 4: Php50.840 - High July 25 
*RES 3: Php50.730 - High July 26 
*RES 2: Php50.622 - 21-DMA 
*RES 1: Php50.485 - High Aug 2
*PRICE: Php50.370 @ 2300GMT
*SUP 1: Php50.360 - Low Aug 1 
*SUP 2: Php50.330 - Low June 30 
*SUP 3: Php50.179 - 55-DMA 
*SUP 4: Php50.160 - Low June 21
*COMMENTARY: Recent 2017 highs lacked follow through with the correction seeing
the pair gaining traction below the 21-DMA and remaining heavy. Bears continue
to look for a close below Php50.330 to shift focus back to Php50.103-179 where
55 & 100-DMAs are situated. Bulls now look for a close above Php50.485 to gain
breathing room and above the 21-DMA to shift focus back to Php50.840-950 where
2017 highs are located.
DOLLAR-THB TECHS: Above Thb33.41 To Gain Breathing Room
*RES 4: Thb33.70 - High July 20 
*RES 3: Thb33.61 - 21-DMA 
*RES 2: Thb33.53 - High July 26 
*RES 1: Thb33.41 - High July 27
*PRICE: Thb33.25 @ 2300GMT
*SUP 1: Thb33.20 - 2017 Low Aug 1 
*SUP 2: Thb33.13 - Low May 5 2015 
*SUP 3: Thb33.01 - Bollinger band base 
*SUP 4: Thb32.98 - Monthly Low May 1 2015
*COMMENTARY: Daily studies looking to correct from O/S remain the key concern
for bears which makes hesitation ahead of recent 2017 lows a concern. In saying
that, bulls still need a close above Thb33.41 to gain breathing room and above
the 21-DMA to hint at a correction back to Thb33.88 where the 55-DMA is located.
Bears now need a close below Thb33.13 to reconfirm the bearish bias and
initially target May 2015 monthly lows.
DOLLAR-IDR TECHS: Idr13295 & Idr13348 Levels Remain Key
*RES 4: Idr13410 - High July 7 & 10 
*RES 3: Idr13380 - Low July 11 now resistance 
*RES 2: Idr13348 - High July 13 
*RES 1: Idr13341 - 21-DMA
*PRICE: Idr13323 @ 2300GMT
*SUP 1: Idr13295 - Low July 19 
*SUP 2: Idr13282 - Bollinger band base 
*SUP 3: Idr13270 - Low Apr 26 
*SUP 4: Idr13245 - 2017 Low Apr 13
*COMMENTARY: Sideways trading within a Idr13270-13348 range continues with bulls
needing a close above Idr13348 to confirm a break of the 21-DMA and shift focus
back to Idr13380-13415. Bears continue to look for a close below Idr13295 to
gain traction below key DMAs and shift focus back to Idr13245-13270 where 2017
and monthly lows are located.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
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