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MNI Dollar-Asia Morning FX Technical Analysis 

25 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: Bulls Need Close Above Sgd1.3638
*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: Sgd1.3617 @ 2300GMT
*SUP 1: Sgd1.3582 - Low Aug 14 
*SUP 2: Sgd1.3555 - Bollinger band base 
*SUP 3: Sgd1.3549 - Low Aug 4 
*SUP 4: Sgd1.3536 - 2017 Low July 27
*COMMENTARY: Bears are struggling to gain traction below the 21-DMA (Sgd1.3612)
but remain focused on tests of the Sgd1.3536-49 support region where 2017 lows
are located. Narrowing Bollinger bands are suggestive of a break out. Bulls need
a close above Sgd1.3638 to gain breathing room and above Sgd1.3688 to pressure
the 55-DMA (Sgd1.3712). Bulls now look for a close above the Sgd1.3720 to shift
focus to the bear channel top (Sgd1.3785).
DOLLAR-WON TECHS: Below Krw1123.0 To Target 2017 Low
*RES 4: Krw1144.1 - High Aug 18
*RES 3: Krw1140.1 - Low Aug 18 now resistance
*RES 2: Krw1133.4 - 55-DMA
*RES 1: Krw1131.0 - 100-DMA
*PRICE: Krw1127.9 @ 2300GMT
*SUP 1: Krw1126.1 - Low Aug 24
*SUP 2: Krw1123.0 - Low Aug 3
*SUP 3: Krw1114.3 - High July 27 now support
*SUP 4: Krw1113.2 - Bollinger band top
*COMMENTARY: Failure to trouble the 200-DMA left the pair looking heavy
resulting in closes below 21, 55 & 100-DMAs and immediate focus back on the
Krw1123.0 support. Bears need a close below this level to confirm focus on tests
of 2017 lows. Daily studies are well placed for further downside. Bulls now look
for a close above the 55-DMA to ease bearish pressure and above Krw1140.1 to
reconfirm focus on Krw1144.1-1148.1 where the 200-DMA is noted.
DOLLAR-MYR TECHS: Remains Stuck In Well Defined Range
*RES 4: Myr4.3117 - 100-DMA 
*RES 3: Myr4.3112 - High Aug 16 
*RES 2: Myr4.2995 - Bollinger band top 
*RES 1: Myr4.2863 - 21-DMA
*PRICE: Myr4.2828 @ 2300GMT
*SUP 1: Myr4.2731 - 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: Broad sideways trading Myr4.2465-3270 continues with focus having
returned to the Myr4.2664-2700 region following the most recent topside failure
and close below the 55-DMA (Myr4.2860). Bears need a close below Myr4.2664 to
return pressure to the Myr4.2465 2017 low. Narrowing Bollinger bands re
suggestive of a breakout in the near future. Bulls need a close above the 21-DMA
to gain breathing room.
DOLLAR-CNH TECHS: Cnh6.6886-7153 Resistance Region Key
*RES 4: Cnh6.7154 - Low Aug 1 now resistance 
*RES 3: Cnh6.6955 - 21-DMA 
*RES 2: Cnh6.6886 - High Aug 17 
*RES 1: Cnh6.6748 - Low Aug 17 now resistance
*PRICE: Cnh6.6601 @ 2300GMT
*SUP 1: Cnh6.6539 - 2017 Low Aug 24 
*SUP 2: Cnh6.6512 - Bollinger band base 
*SUP 3: Cnh6.6413 - Monthly Low Sept 16 
*SUP 4: Cnh6.6216 - Low July 29 2016
*COMMENTARY: The recovery from previous 2017 lows stalled around the bear
channel top (Cnh6.6774) last week with the sell-off that followed resulting in
fresh 2017 and 11mth lows Thursday. Bulls now need a close above the 21-DMA to
ease immediate bearish pressure and above Cnh6.7153 to shift initial focus to
Cnh6.7377-7545 where the 55-DMA is located.
DOLLAR-PHP TECHS: Focus Shifts To 21-DMA
*RES 4: Php51.700 - High Aug 3 2006 
*RES 3: Php51.630 - 2017 High Aug 18 
*RES 2: Php51.390 - Low Aug 18 now resistance 
*RES 1: Php51.140 - High Aug 24
*PRICE: Php51.000 @ 2300GMT
*SUP 1: Php50.900 - Lows Aug 11 & 14 
*SUP 2: Php50.840 - High July 25 now support 
*SUP 3: Php50.792 - 21-DMA 
*SUP 4: Php50.680 - High Aug 9 now support
*COMMENTARY: The lack of follow through on last Friday's 2017 and 11year highs
has resulted in a close below Php51.090, easing bullish pressure and shifting
immediate focus back to Php50.792-900 where the 21-DMA is located. Correcting
O/B daily studies are adding weight to the bearish case. Bulls now look for a
close above Php51.140 to gain breathing room and above Php51.390 to reconfirm
initial focus on tests of Php51.630-700.
DOLLAR-THB TECHS: Bulls Now Need Close Above Thb33.41
*RES 4: Thb33.70 - High July 20 
*RES 3: Thb33.62 - 55-DMA 
*RES 2: Thb33.53 - High July 26 
*RES 1: Thb33.41 - High July 27
*PRICE: Thb33.32 @ 2300GMT
*SUP 1: Thb33.27 - 21-DMA 
*SUP 2: Thb33.14 - 2017 Low Aug 11 
*SUP 3: Thb33.13 - Low May 5 2015 
*SUP 4: Thb32.98 - Monthly Low May 1 2015
*COMMENTARY: Bulls take comfort as the pair looks to gain traction on closes
above the 21-DMA. Bulls now need a close above Thb33.41 to confirm an easing of
bearish pressure and above Thb33.53 to shift focus to Thb33.62-80 where the
55-DMA and bear channel top are located. Narrowed Bollinger bands remain
suggestive of a breakout. Bears need a close below the 21-DMA to ease pressure
on initial resistance.
DOLLAR-IDR TECHS: Pressure Back on 55-DMA
*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: Idr13346 @ 2300GMT
*SUP 1: Idr13333 - 55-DMA 
*SUP 2: Idr13295 - Low July 19 
*SUP 3: Idr13270 - Low Apr 26 
*SUP 4: Idr13245 - 2017 Low Apr 13
*COMMENTARY: Broad sideways trading in a Idr13245-13415 range continues with
Idr13270-13380 on the narrow. Bulls continue to look for a close above Idr13380
to pressure Idr13415 and above this level to target Idr13485 2017 highs. Bears
still need a close below the 55-DMA to return focus to the lower end of the
dominant range. bears look for a close below Idr13245 to initially target
Idr13175.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
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