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MNI Dollar-Asia Morning FX Technical Analysis

7 September 2017
By Kyle Shortland
Click below for today's MNI FX Technical Analysis Report -
http://tinyurl.com/pzkomnu
DOLLAR-SING TECHS: Bears Focused on 200-WMA
*RES 4: Sgd1.3638 - High Aug 21 
*RES 3: Sgd1.3587 - 21-DMA 
*RES 2: Sgd1.3584 - High Sept 4 
*RES 1: Sgd1.3543 - Hourly resistance Sept 5
*PRICE: Sgd1.3495 @ 2300GMT
*SUP 1: Sgd1.3477 - 2017 Low Sept 6 
*SUP 2: Sgd1.3473 - 200-WMA 
*SUP 3: Sgd1.3430 - Monthly Low Sept 7 2016, Weekly Bolli Base 
*SUP 4: Sgd1.3381 - Low Aug 18 2016
*COMMENTARY: The 21-DMA capped last week resulting in fresh 2017 and 12mth lows
Wednesday with immediate focus on the 200-WMA. A close below the 200-WMA was
last seen in Sept 2014. Daily studies have corrected back to neutral levels and
are now well placed for a fresh leg lower. Bulls need a close above the 21-DMA
to ease immediate bearish pressure and above Sgd1.3638 to shift focus to
Sgd1.3661-88 where the 55-DMA is noted.
DOLLAR-WON TECHS: Bulls Shifts Focus To Krw1140.1-1148.1
*RES 4: Krw1148.1 - High Aug 11
*RES 3: Krw1145.4 - 200-DMA
*RES 2: Krw1144.1 - High Aug 18
*RES 1: Krw1140.1 - Low Aug 18 now resistance
*PRICE: Krw1135.4 @ 2300GMT
*SUP 1: Krw1133.4 - 55-DMA
*SUP 2: Krw1128.5 - Low Sept 4
*SUP 3: Krw1119.1 - Bollinger band base
*SUP 4: Krw1119.0 - Low Aug 28
*COMMENTARY: Daily studies correcting from O/S saw pressure return to the 55-DMA
with the close above now shifting initial focus to Krw1140.1-1148.1 where the
200-DMA is situated. Bears now look for a close below the 55-DMA to gain
breathing room and below Krw1128.5 to signal a false break higher and see
initial focus return to Krw1119.0. Daily studies have corrected back to more
neutral levels and giving few clues.
DOLLAR-MYR TECHS: Pressuring 100-WMA
*RES 4: Myr4.2811 - 21-DMA 
*RES 3: Myr4.2680 - High Sept 5 
*RES 2: Myr4.2575 - Low Aug 29 now resistance 
*RES 1: Myr4.2485 - High Sept 6
*PRICE: Myr4.2388 @ 2300GMT
*SUP 1: Myr4.2388 - 2017 Low Sept 6 
*SUP 2: Myr4.2380 - High Nov 9 now support 
*SUP 3: Myr4.2362 - 100-WMA 
*SUP 4: Myr4.1800 - Low Nov 9
*COMMENTARY: Sideways trading that has defined since June has ended with a
bearish close and fresh 2017 lows that see immediate focus on the 100-WMA with a
close below needed to confirm focus on Myr4.1800. The Bollinger base (Myr4.2533)
is the key concern for bears and sees the move looking a little ahead of itself.
In saying that, bulls now need a close above Myr4.2575 to ease bearish pressure
and above Myr4.2680 to shift focus back to 21 & 55-DMAs.
DOLLAR-CNH TECHS: 200-WMA Now The Focus
*RES 4: Cnh6.6276 - High Aug 29 
*RES 3: Cnh6.6131 - High Aug 30 
*RES 2: Cnh6.5827 - Low Aug 30 now resistance 
*RES 1: Cnh6.5663 - High Sept 4
*PRICE: Cnh6.5393 @ 2300GMT
*SUP 1: Cnh6.5242 - 2017 Low Sept 4 
*SUP 2: Cnh6.5077 - Low May 6 2016 
*SUP 3: Cnh6.4923 - High Apr 29 2016 now support 
*SUP 4: Cnh6.4660 - Low Apr 20 2016
*COMMENTARY: The pair remains heavy after recent fresh 2017 and 12mth lows with
bears now focused on the 200-WMA (Cnh6.4420). Daily studies at O/S levels and
the Bollinger base (Cnh6.5152) remain key concerns for bears. Layers of
resistance remain and weigh on the pair with bulls still needing a close above
Cnh6.5827 to ease bearish pressure and above Cnh6.6131 to hint at a move back to
Cnh6.6539.
DOLLAR-PHP TECHS: Bears Need Close Below Php50.900
*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: Php51.250 - High Sept 4
*PRICE: Php50.095 @ 2300GMT
*SUP 1: Php50.900 - Lows Aug 11 & 14 
*SUP 2: Php50.840 - High July 25 now support 
*SUP 3: Php50.695 - 55-DMA
*SUP 4: Php50.680 - High Aug 9 now support
*COMMENTARY: The correction lower from 2017 and 11year highs sees bears focused
on Php50.900 with a close below needed to shift focus to Php50.485-695 where the
55-DMA and bull channel base are located. Daily studies have corrected back to
more neutral levels. Bulls still need a close above Php51.390 to reconfirm focus
on tests of Php51.630-700 where 2017 highs are located.
DOLLAR-THB TECHS: Bulls Need Close Above 21-DMA
*RES 4: Thb33.49 - 55-DMA 
*RES 3: Thb33.41 - High July 27 
*RES 2: Thb33.21 - 21-DMA 
*RES 1: Thb33.16 - Daily Bear channel top
*PRICE: Thb33.13 @ 2300GMT
*SUP 1: Thb33.09 - 2017 Low Sept 4 
*SUP 2: Thb32.98 - Monthly Low May 1 2015 
*SUP 3: Thb32.55 - Daily Bear channel base 
*SUP 4: Thb32.52 - Low Apr 27 2015
*COMMENTARY: Hesitation ahead of May 2015 monthly lows continues with very
narrow Bollinger bands suggestive of a breakout. Bulls need a close above the
21-DMA to confirm an easing of bearish pressure. Bulls then need a close above
Thb33.41 to shift focus to layers of resistance Thb33.49-62 where the
longer-term bear channel top is located. Bears need a close below Thb32.98 to
retain focus on Thb32.52-55 where the channel base it noted.
DOLLAR-IDR TECHS: 
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]

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