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MNI Dollar-Asia Morning FX Technical Analysis

12 September 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: Sgd1.3477 Resistance Key Today
*RES 4: Sgd1.3584 - High Sept 4 
*RES 3: Sgd1.3543 - Hourly resistance Sept 5 
*RES 2: Sgd1.3508 - High Sept 7 
*RES 1: Sgd1.3477 - 200-WMA, Low Sept 6 now resistance
*PRICE: Sgd1.3463 @ 2300GMT
*SUP 1: Sgd1.3425 - High Sept 8 now support 
*SUP 2: Sgd1.3411 - Bollinger band base 
*SUP 3: Sgd1.3342 - 2017 Low Sept 8 
*SUP 4: Sgd1.3339 - Daily Bear channel base
*COMMENTARY: The lack of follow through on fresh 2017 lows Friday was followed
up with a rally that sees pressure back on Sgd1.3477 where the 200-WMA is noted.
Bulls look for a close above the 200-WMA to ease bearish pressure and return
focus to layers of resistance Sgd1.3538-1.3638 where 21 & 55-DMAs are situated.
Bears now need a close below Sgd1.3425 to reconfirm focus on the bear channel
base.
DOLLAR-WON TECHS: Krw1119.0 & Krw1136.1 Levels Key
*RES 4: Krw1144.6 - 200-DMA
*RES 3: Krw1144.1 - High Aug 18
*RES 2: Krw1140.1 - Low Aug 18 now resistance
*RES 1: Krw1136.1 - High Sept 6
*PRICE: Krw1131.9 @ 2300GMT
*SUP 1: Krw1125.1 - Low Sept 8
*SUP 2: Krw1119.3 - Bollinger band base
*SUP 3: Krw1119.0 - Low Aug 28
*SUP 4: Krw1114.3 - High July 27 now support
*COMMENTARY: A triangle has developed on the dailies that sees the Krw1119.0 &
Krw1136.1 levels as key. Bulls continue to look for a break above Krw1136.1 to
confirm a topside break and return initial focus to Krw1140.1-1148.1 where the
200-DMA and bear channel top are situated. Bears need a close below Krw1119.0 to
confirm a break to the downside and return initial focus to 2017 lows. Daily
studies remain at neutral levels.
DOLLAR-MYR TECHS: Myr4.42210-4.2380 Resistance Region Key
*RES 4: Myr4.2575 - Low Aug 29 now resistance 
*RES 3: Myr4.2485 - High Sept 6 
*RES 2: Myr4.2380 - Low Sept 6 now resistance 
*RES 1: Myr4.2210 - High Sept 7
*PRICE: Myr4.2000 @ 2300GMT
*SUP 1: Myr4.1950 - Low Sept 11 
*SUP 2: Myr4.1800 - Low Nov 9 
*SUP 3: Myr4.1700 - Low Oct 27 
*SUP 4: Myr4.1481 - Daily Bear channel base
*COMMENTARY: Fresh 2017 and 11mth lows lacked follow through Friday which is a
concern for bears given the move lower looks a little O/S as evidenced by daily
studies. Bulls now need a close above Myr4.2210 to ease immediate bearish
pressure and above Myr4.2380 to shift focus back to Myr4.2575-2812 where 21 &
55-DMAs and the bear channel top are situated.
DOLLAR-CNH TECHS: Bounces From 200-WMA
*RES 4: Cnh6.6131 - High Aug 30 
*RES 3: Cnh6.5827 - Low Aug 30 now resistance 
*RES 2: Cnh6.5663 - High Sept 4 
*RES 1: Cnh6.5507 - High Sept 6
*PRICE: Cnh6.5373 @ 2300GMT
*SUP 1: Cnh6.5053 - Low Sept 11 
*SUP 2: Cnh6.4441 - 200-WMA 
*SUP 3: Cnh6.4425 - 2017 Low Sept 8 
*SUP 4: Cnh6.4140 - Low Nov 25 2015
*COMMENTARY: The dip below the 200-WMA resulted in fresh 2017 and nearly 2 year
lows Friday although the lack of follow through is hinting at a bigger
correction back to Cnh6.6045-6131 where the 21-DMA is located. Daily studies
correcting from very O/S levels add support the bullish case. Initial support is
now noted at Cnh6.5053 with bears needing a close below to ease bullish pressure
and return initial focus to 2017 lows.
DOLLAR-PHP TECHS: Bulls Need Close Above Php51.390
*RES 4: Php51.630 - 2017 High Aug 18 
*RES 3: Php51.390 - Low Aug 18 now resistance 
*RES 2: Php51.250 - High Sept 4 
*RES 1: Php51.096 - 21-DMA
*PRICE: Php50.930 @ 2300GMT
*SUP 1: Php50.830 - Low Sept 11 
*SUP 2: Php50.675 - Low Sept 8 
*SUP 3: Php50.627 - Daily Bull channel base 
*SUP 4: Php50.550 - Low Aug 9
*COMMENTARY: The dip below the 55-DMA (Php50.746) lacked follow through Friday
with bulls finding support ahead of the daily bull channel base. Daily studies
correcting higher add support to the bullish case for a test of the
Php51.250-390 resistance region although the 21-DMA may slow the move. Bears now
need a close below Php50.830 to ease pressure on the 21-DMA and retain focus on
the daily bull channel base.
DOLLAR-THB TECHS: Bulls Need Close Above 21-DMA
*RES 4: Thb33.53 - High July 26 
*RES 3: Thb33.44 - 55-DMA 
*RES 2: Thb33.41 - High July 27 
*RES 1: Thb33.19 - 21-DMA
*PRICE: Thb33.11 @ 2300GMT
*SUP 1: Thb33.01 - 2017 Low Sept 7 & 8 
*SUP 2: Thb32.98 - Monthly Low May 1 2015 
*SUP 3: Thb32.58 - Daily Bear channel base 
*SUP 4: Thb32.52 - Low Apr 27 2015
*COMMENTARY: Hesitation ahead of May 2015 monthly lows continues with the 21-DMA
continuing to cap. Bulls need a close above the 21-DMA to confirm an easing of
bearish pressure. Bulls then need a close above the 55-DMA to shift focus to
layers of resistance Thb33.53-58 where the longer-term bear channel top is
located. Bears need a close below Thb32.98 to retain focus on Thb32.52-58 where
a channel base it noted.
DOLLAR-IDR TECHS: Looking A Little Oversold
*RES 4: Idr13270 - Low June 15 now resistance 
*RES 3: Idr13245 - Low Apr 13 now resistance 
*RES 2: Idr13200 - Low Sept 8 now resistance 
*RES 1: Idr13185 - High Sept 11
*PRICE: Idr13160 @ 2300GMT
*SUP 1: Idr13135 - 2017 Low Sept 11 
*SUP 2: Idr13049 - Low Sept 11 2016 
*SUP 3: Idr12975 - Low Oct 11 2016 
*SUP 4: Idr12911 - 200-WMA
*COMMENTARY: The pair looked heavy Friday following Thursday's close below the
100-DMA (Idr13228) and bears were not disappointed with w series of fresh 2017
and 12mth lows that now see bears targeting the 200-WMA. The move looks a little
O/S with an increased risk of a correction. Bulls need a close above Idr13200 to
confirm an easing of bearish pressure and hint at a correction back to Idr13245.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]

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