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FED'S DALY SAYS DEC SEP REMAINS A GOOD `BASELINE' RATE OUTLOOK

MNI BRIEF: Easy Conditions To Continue Post-Neg Rates - BOJ Ueda

MNI BRIEF: Lawmakers Debate Fed's Lender of Last Resort Role

Bond Supply Calendar: SlovGB Auction, BoE APF on Monday

Permits Miss Driven By Multi-Unit Buildings

Upward Revisions To Core PCE Forecasts Due To Portfolio Management PPI

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

MNI BRIEF: Canada Needs CAD1 Trln To Fix Housing Squeeze- CMHC

MNI BRIEF: Canada Shows No Progress Closing Housing Shortfall

MNI Dollar-Asia Morning FX Technical Analysis 

15 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: Sgd1.3582 & Sgd1.3654 Levels Key
*RES 4: Sgd1.3740 - 55-DMA 
*RES 3: Sgd1.3720 - High July 17 
*RES 2: Sgd1.3678 - Bollinger band top 
*RES 1: Sgd1.3654 - High Aug 10
*PRICE: Sgd1.3627 @ 2300GMT
*SUP 1: Sgd1.3612 - 21-DMA 
*SUP 2: Sgd1.3582 - Low Aug 14 
*SUP 3: Sgd1.3549 - Low Aug 4 
*SUP 4: Sgd1.3536 - 2017 Low July 27
*COMMENTARY: Hesitation around the 21-DMA (Sgd1.3612) continues with bulls
needing a close above $1.3654 to confirm a break of the 21-DMA and a shift in
focus to Sgd1.3720-87 where the 55-DMA is situated. While Sgd1.3654 caps bears
retain an advantage but still need a close below Sgd1.3585 to ease bullish
pressure and retain focus on fresh 2017 lows and tests of the 200-WMA
(Sgd1.3456).
DOLLAR-WON TECHS: Lacked Follow Through Above 200-DMA
*RES 4: Krw1154.3 - Low July 7 now resistance
*RES 3: Krw1148.1 - High Aug 11
*RES 2: Krw1146.9 - 200-DMA
*RES 1: Krw1140.5 - High Aug 14
*PRICE: Krw1142.0 @ 2300GMT
*SUP 1: Krw1136.1 - Low Aug 14
*SUP 2: Krw1129.8 - 100-DMA
*SUP 3: Krw1123.0 - Low Aug 3
*SUP 4: Krw1114.3 - High July 27 now support
*COMMENTARY: Bears took comfort in the lack of follow through on the pop above
the 200-DMA Friday which leaves the Krw1123.0-1131.6 support region where DMAs
are located as key. Bears need a close below Krw1123.0 to confirm a return in
focus to 2017 lows. Bulls now look for a close above Krw1148.1 to confirm a
break of the 200-DMA and to shift initial focus to Krw1157.8-1161.0 where
monthly highs are situated. O/B daily studies are the key concern for bulls.
DOLLAR-MYR TECHS: Myr4.2664 & Myr4.3087 Levels Remain Key
*RES 4: Myr4.3270 - High June 28 
*RES 3: Myr4.3223 - 100-DMA 
*RES 2: Myr4.3087 - High July 10 
*RES 1: Myr4.2969 - Bollinger band top
*PRICE: Myr4.2941 @ 2100GMT
*SUP 1: Myr4.2704 - Bollinger band base 
*SUP 2: Myr4.2700 - Low Aug 11 
*SUP 3: Myr4.2664 - Low July 19 
*SUP 4: Myr4.2465 - 2017 Low June 20
*COMMENTARY: Hesitation ahead of the Myr4.3087 resistance is less than ideal for
bulls who look for a close above this level to shift immediate focus to
Myr4.3250-3270 where the 100-DMA is situated. Layers of support remain with
bears now needing a close below Myr4.2664 is needed to confirm focus on 2017
lows. Bollinger bands are currently the key concern for bulls and bears with
potential to limit follow through.
DOLLAR-CNH TECHS: Finding Support Around 100-WMA
*RES 4: Cnh6.7377 - High July 31 
*RES 3: Cnh6.7256 - 21-DMA 
*RES 2: Cnh6.7154 - Low Aug 1 now resistance 
*RES 1: Cnh6.7010 - Low Aug 8 now resistance
*PRICE: Cnh6.6883 @ 2300GMT
*SUP 1: Cnh6.6685 - Low Aug 14 
*SUP 2: Cnh6.6567 - 2017 Low Aug 11 
*SUP 3: Cnh6.6413 - Monthly Low Sept 16 
*SUP 4: Cnh6.6216 - Low July 29 2016
*COMMENTARY: Bears have so far failed to capitalise on the weekly close
marginally below the 100-WMA (Cnh6.6803) with daily studies correcting from O/S
and the Bollinger base (Cnh6.6696) limiting follow through key concerns for
bears. Layers of resistance remain with bulls still needing a close above
Cnh6.7010 to ease immediate bearish pressure and above Cnh6.7377 to confirm a
break of the 21-DMA and target Cnh6.7598-7725.
DOLLAR-PHP TECHS: Php50.840 Support Now Key
*RES 4: Php51.600 - High Aug 24 2006 
*RES 3: Php51.380 - Daily Bull channel top 
*RES 2: Php51.090 - Low Aug 17 2006, Bollinger band top 
*RES 1: Php51.080 - 2017 Highs Aug 11 & 14
*PRICE: Php51.080 @ 2300GMT
*SUP 1: Php50.900 - Lows Aug 11 & 14 
*SUP 2: Php50.840 - High July 25 now support 
*SUP 3: Php50.680 - High Aug 9 now support 
*SUP 4: Php50.615 - 21-DMA
*COMMENTARY: The close above the 21-DMA Wednesday has resulted in fresh 2017 and
11 year highs with bulls now focused on Php51.380-600 where the daily bull
channel top is located. The Bollinger top is the key concern for bulls with
potential to limit follow through. The Php50.840 support is now key. Bears look
for a close below this level to ease bullish pressure and to shift focus back to
Php50.485-680 where the 21-DMA is noted.
DOLLAR-THB TECHS: Above Thb33.41 To Gain Breathing Room
*RES 4: Thb33.70 - High July 20 
*RES 3: Thb33.53 - High July 26 
*RES 2: Thb33.41 - High July 27 
*RES 1: Thb33.34 - 21-DMA
*PRICE: Thb33.23 @ 2300GMT
*SUP 1: Thb33.14 - 2017 Low Aug 11 
*SUP 2: Thb33.13 - Low May 5 2015 
*SUP 3: Thb33.10 - 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 around recent 2017 lows a concern. In saying
that, bulls need a close above Thb33.41 to gain breathing room and above
Thb33.53 to hint at a correction back to Thb33.70-88 where the 55-DMA (Thb33.73)
is located. Bears need a close below Thb33.13 to reconfirm the bearish bias and
initially target May 2015 monthly lows.
DOLLAR-IDR TECHS: Topside Follow Through Lacking
*RES 4: Idr13410 - High July 7 & 10 
*RES 3: Idr13380 - Low July 11 now resistance 
*RES 2: Idr13350 - Alternating daily support/resistance 
*RES 1: Idr13348 - Bollinger band top
*PRICE: Idr13347 @ 2300GMT
*SUP 1: Idr13324 - 21-DMA 
*SUP 2: Idr13301 - Bollinger band base 
*SUP 3: Idr13295 - Low July 19 
*SUP 4: Idr13270 - Low Apr 26
*COMMENTARY: Narrowing Bollinger bands suggested a breakout with a spike back
towards Idr13380 seen only to lack topside follow through once more. The 21-DMA
is now initial support with bears looking for a close below to return focus to
Idr13295. While the 21-DMA supports bulls focus on Idr13415 but need a close
above Idr13380 to add support to their case.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
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