MNI Dollar-Asia Morning FX Technical Analysis

11 October 2017

By Kyle Shortland

Click below for today's MNI FX Technical Analysis Report -

http://tinyurl.com/pzkomnu

DOLLAR-SING TECHS: Pressuring Key Support

*RES 4: Sgd1.3669 - 100-DMA 

*RES 3: Sgd1.3655 - High Oct 9 

*RES 2: Sgd1.3607 - Hourly resistance Oct 10a 

*RES 1: Sgd1.3579 - Hourly resistance Oct 10

*PRICE: Sgd1.3558 @ 2200GMT

*SUP 1: Sgd1.3541 - 21-DMA 

*SUP 2: Sgd1.3538 - High Sept 14 now support 

*SUP 3: Sgd1.3430 - Low Sept 22 

*SUP 4: Sgd1.3399 - Low Sept 20

*COMMENTARY: Friday's topside failure has resulted in pressure returning to key

support. Bears look for a close below Sgd1.3538 to confirm a break of 21 &

55-DMAs with focus shifting back to tests of 2017 lows. O/B daily studies have

corrected back to more neutral levels. Bulls now need a close above Sgd1.3607 to

ease pressure on key supports and above Sgd1.3720 to confirm a break of the

100-DMA and bear channel top with immediate focus shifting to Sgd1.3787.

DOLLAR-WON TECHS: Focus Back On Krw1129.1-1133.5

*RES 4: Krw1152.3 - 100-WMA

*RES 3: Krw1150.0 - High Sept 28

*RES 2: Krw1143.0 - High Oct 10

*RES 1: Krw1141.9 - 200-DMA

*PRICE: Krw1135.1 @ 2200GMT

*SUP 1: Krw1133.5 - 21-DMA

*SUP 2: Krw1130.9 - 100-DMA

*SUP 3: Krw1129.8 - 55-DMA

*SUP 4: Krw1129.1 - Rising daily TL

*COMMENTARY: Bears take comfort in the aggressive sell-off and bearish close

Tuesday that sees pressure back on Krw1129.1-1133.5 where key DMAs and the

rising daily TL off July lows are situated. Bears look for a close below

Krw1125.1 to confirm breaks and shift overall focus to tests of 2017 lows. Bulls

now need a close above Krw1143.0 to ease bearish pressure and above Krw1150.0 to

confirm a bullish bias and above Krw1157.8 to target 2017 highs.

DOLLAR-MYR TECHS: Myr4.2680 Resistance Remains Key

*RES 4: Myr4.2665 - 100-DMA 

*RES 3: Myr4.2550 - High Sept 28 

*RES 2: Myr4.2521 - 55-DMA 

*RES 1: Myr4.2502 - Daily Bear channel top

*PRICE: Myr4.2273 @ 2300GMT

*SUP 1: Myr4.2125 - 21-DMA 

*SUP 2: Myr4.1870 - Low Sept 20 

*SUP 3: Myr4.1810 - 2017 Low Sept 8 

*SUP 4: Myr4.1700 - Low Oct 27

*COMMENTARY: The Myr4.1800-70 support region confirmed significance during Sept

with the pair bouncing aggressively from a dip back in past weeks. The pair

remains capped ahead of the Myr4.2502-2680 resistance region with bulls needing

a close above Myr4.2680 to end bearish hopes and shift focus to Myr4.3112. Bears

need a close below the 21-DMA to return pressure to Myr4.1800-70.

DOLLAR-CNH TECHS: Below Cnh6.5573 To Target 2017 Lows

*RES 4: Cnh6.6904 - High Oct 3 

*RES 3: Cnh6.6639 - High Oct 9 

*RES 2: Cnh6.6344 - 55-DMA 

*RES 1: Cnh6.6052 - 21-DMA

*PRICE: Cnh6.5659 @ 2300GMT

*SUP 1: Cnh6.5573 - Low Sept 21

*SUP 2: Cnh6.5409 - Low Sept 18 

*SUP 3: Cnh6.5219 - Low Sept 13 

*SUP 4: Cnh6.5053 - Low Sept 11

*COMMENTARY: Previously noted topside hesitation has taken its toll with a

sell-off to start the new week that has been followed up with a close below the

21-DMA and pressure on Cnh6.5573. Bears need a close below this level to confirm

focus on 2017 lows. The 21-DMA is noted as initial resistance with bulls needing

a close above to ease bearish pressure and above the 55-DMA to shift focus back

to Cnh6.6904-6.7153.

DOLLAR-PHP TECHS: Immediate Focus Shifts To 2017 High

*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 - High Oct 3

*PRICE: Php51.440 @ 2300GMT

*SUP 1: Php51.390 - Alternating daily support resistance 

*SUP 2: Php51.295 - High Sept 15 now support 

*SUP 3: Php51.021 - 21-DMA 

*SUP 4: Php50.921 - 55-DMA

*COMMENTARY: The recovery from a test of the 55-DMA last week has resulted in a

close above key levels that now sees bullish focus back on 2017 highs and the

Php52.085-56 region. The Bollinger band top (Php51.349) is the key concern for

bulls with potential to limit follow through. Bears now need a close below

Php51.295 to ease bullish pressure and shift focus back to tests of 21 &

55-DMAs.

DOLLAR-THB TECHS: Looking A Little Heavy

*RES 4: Thb33.88 - Low June 16 now resistance 

*RES 3: Thb33.80 - Low June 14 now resistance 

*RES 2: Thb33.70 - High July 20 

*RES 1: Thb33.54 - High Oct 3, 100-DMA

*PRICE: Thb33.37 @ 2300GMT

*SUP 1: Thb33.19 - Low Oct 10 

*SUP 2: Thb33.01 - 2017 Low Sept 7 & 8 

*SUP 3: Thb32.98 - Monthly Low May 1 2015 

*SUP 4: Thb32.95 - Bollinger band base

*COMMENTARY: The recovery from 2017 lows has remained capped ahead of the

100-DMA with topside failures taking their toll and the pair now flirting with

21 (Thb33.22) & 55 (Thb33.23). Bears now need a close below Thb32.19 to confirm

breaks and return immediate pressure to retest of 2017 lows. The 100-DMA remains

key resistance with bulls needing a close above to end bearish hopes and above

Thb33.88 to target the 200-DMA (Thb34.20).

DOLLAR-IDR TECHS: Bulls Need Close Above Idr13533

*RES 4: Idr13698 - High June 2 2016 

*RES 3: Idr13618 - Bollinger band top 

*RES 2: Idr13585 - High Dec 1 2016, 2017 High Oct 3 

*RES 1: Idr13533 - Low Oct 3 now resistance

*PRICE: Idr13512 @ 2300GMT

*SUP 1: Idr13475 - Low Oct 10 

*SUP 2: Idr13455 - Low Oct 5 

*SUP 3: Idr13415 - High May 19 now support 

*SUP 4: Idr13410 - High July 7 & 10 now support

*COMMENTARY: The lack of follow through on recent 2017 highs has taken its toll

with daily studies correcting from O/B now seen weighing. The Idr13415 support

remains key with bears needing a close below to shift focus back to key DMAs

clustered tightly 13333-347. Layers of resistance are starting to accumulate

with bulls needing a close above Idr13533 to return immediate focus to retests

of 2017 highs.

--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com

[TOPICS: MTABLE]