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MNI Dollar-Asia Morning FX Technical Analysis 

22 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: Looking Heavy Again
*RES 4: Sgd1.3720 - High July 17 
*RES 3: Sgd1.3688 - High Aug 15 
*RES 2: Sgd1.3670 - Bollinger band top 
*RES 1: Sgd1.3638 - High Aug 21
*PRICE: Sgd1.3603 @ 2300GMT
*SUP 1: Sgd1.3582 - Low Aug 14 
*SUP 2: Sgd1.3549 - Low Aug 4 
*SUP 3: Sgd1.3548 - Bollinger band base 
*SUP 4: Sgd1.3536 - 2017 Low July 27
*COMMENTARY: Pressure on the 21-DMA (Sgd1.3609) has taken its toll with a close
below that shifts initial focus back to Sgd1.3582 and overall focus back to
tests of 2017 lows. Narrowing Bollinger bands are suggestive of a break out in
the near future. Bulls now need a close above Sgd1.3638 to gain breathing room
and above Sgd1.3688 to pressure the 55-DMA. Bulls continue to look for a close
above the 55-DMA to shift focus to the bear channel top (Sgd1.3799).
DOLLAR-WON TECHS: Bulls Need Close Above Krw1148.1
*RES 4: Krw1154.3 - Low July 7 now resistance
*RES 3: Krw1148.1 - High Aug 11
*RES 2: Krw1146.9 - 200-DMA
*RES 1: Krw1144.1 - High Aug 18
*PRICE: Krw1139.0 @ 2300GMT
*SUP 1: Krw1134.1 - Low Aug 17
*SUP 2: Krw1132.9 - 55-DMA
*SUP 3: Krw1130.5 - 100-DMA
*SUP 4: Krw1128.3 - 21-DMA
*COMMENTARY: Support emerging ahead of key DMAs saw the pair bounce back towards
Krw1148.1. Bulls need a close above this level to confirm a break of the 200-DMA
and a shift in focus to Krw1157.8-1161.0 where monthly highs are situated. Bears
now look for a close below the 55-DMA to hint at a move back to 2017 lows with a
close below Krw1123.0 needed to confirm. Daily studies at O/B levels and the
Bollinger top (Krw1148.3) remain key concerns for bulls.
DOLLAR-MYR TECHS: Pressure Returns To 55-DMA
*RES 4: Myr4.3270 - High June 28 
*RES 3: Myr4.3161 - 100-DMA 
*RES 2: Myr4.3112 - High Aug 16 
*RES 1: Myr4.2995 - Bollinger band top
*PRICE: Myr4.2865 @ 2300GMT
*SUP 1: Myr4.2854 - 55-DMA 
*SUP 2: Myr4.2700 - Low Aug 11 
*SUP 3: Myr4.2664 - Low July 19 
*SUP 4: Myr4.2465 - 2017 Low June 20
*COMMENTARY: Broad sideways trading Myr4.2465-3270 continues with bulls
currently focused on Myr4.3112-3270. Bulls need a close above this region to
confirm a break of the 100-DMA and focus shift to Myr4.3520-3850 where the
200-DMA (Myr4.3745) is located. Bears look for a close below the 55-DMA to see
immediate pressure return to Myr4.2664-00. The Bollinger top remains the key
concern for bulls.
DOLLAR-CNH TECHS: Bears Focused On Cnh6.6413
*RES 4: Cnh6.7377 - High July 31 
*RES 3: Cnh6.7154 - Low Aug 1 now resistance 
*RES 2: Cnh6.7124 - 21-DMA 
*RES 1: Cnh6.6886 - High Aug 17
*PRICE: Cnh6.6714 @ 2300GMT
*SUP 1: Cnh6.6685 - Low Aug 14 
*SUP 2: Cnh6.6567 - 2017 Low Aug 11 
*SUP 3: Cnh6.6512 - Bollinger band base 
*SUP 4: Cnh6.6413 - Monthly Low Sept 16
*COMMENTARY: The recovery from 2017 lows has stalled around the bear channel top
with the close below Cnh6.6831 leaving the pair looking a little heavy.
Cnh6.7154 is now key resistance with bulls needing a close above to confirm an
easing of bearish pressure and above Cnh6.7483 to target the 55-DMA (Cnh6.7611).
While Cnh6.7154 caps bears retain the advantage and initially target Cnh6.6413.
DOLLAR-PHP TECHS: Bears Need Close Below Php51.090
*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 - 2017 High Aug 18
*PRICE: Php51.490 @ 2300GMT
*SUP 1: Php51.090 - Alternating daily support/resistance 
*SUP 2: Php50.900 - Lows Aug 11 & 14 
*SUP 3: Php50.840 - High July 25 now support 
*SUP 4: Php50.680 - High Aug 9 now support
*COMMENTARY: The lack of follow through on Friday's 2017 and 11year highs is
less than ideal for bulls given the move looking a little overbought and the
Bollinger top (Php51.492) limiting follow through. The Php51.090 support remains
key with bears looking for a close below to ease bullish pressure and shift
focus back to Php50.680. Bulls still need a close above Php51.700 to confirm
focus on Php52.085-560 last seen in July 2006.
DOLLAR-THB TECHS: 21-DMA Continues To Cap
*RES 4: Thb33.70 - High July 20 
*RES 3: Thb33.53 - High July 26 
*RES 2: Thb33.41 - High July 27 
*RES 1: Thb33.28 - 21-DMA
*PRICE: Thb33.24 @ 2300GMT
*SUP 1: Thb33.14 - 2017 Low Aug 11 
*SUP 2: Thb33.13 - Low May 5 2015 
*SUP 3: Thb32.98 - Monthly Low May 1 2015 
*SUP 4: Thb32.74 - High Apr 27 now support
*COMMENTARY: The 21-DMA continues to cap with bulls still needing a close above
Thb33.41 to gain breathing room and above Thb33.53 to target a correction back
to Thb33.66-88 where the 55-DMA (Thb33.68) is located. Bears continue to look
for a close below Thb33.13 to reconfirm the bearish bias and initially target
May 2015 monthly lows and then Thb32.74. Narrowing Bollinger bands suggest a
breakout in the near future.
DOLLAR-IDR TECHS: Bears Need Close Below Idr13340
*RES 4: Idr13415 - High May 19 
*RES 3: Idr13410 - High July 7 & 10 
*RES 2: Idr13380 - Low July 11 now resistance 
*RES 1: Idr13373 - 100-WMA
*PRICE: Idr13361 @ 2300GMT
*SUP 1: Idr13340 - Low Aug 15 
*SUP 2: Idr13330 - 55-DMA 
*SUP 3: Idr13295 - Low July 19 
*SUP 4: Idr13270 - Low Apr 26
*COMMENTARY: The failure to take out Idr13380 has again left the pair looking a
little heavy as daily studies correct lower from modestly O/B levels. Bulls look
for a close above Idr13380 to confirm focus on Idr13410-415 where monthly highs
are located. Bears now need a close below Idr13340 to confirm a break of the
200-DMA (Idr13347), easing bullish pressure and shifting focus back to Idr13295.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
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