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MNI Dollar-Asia Morning FX Technical Analysis 

25 October 2017
By Kyle Shortland
Click below for today's MNI FX Technical Analysis Report -
http://tinyurl.com/pzkomnu
DOLLAR-SING TECHS: Bulls Need Close Above 100-DMA
*RES 4: Sgd1.3787 - High July 13 
*RES 3: Sgd1.3720 - High July 17 
*RES 2: Sgd1.3690 - High Oct 6 
*RES 1: Sgd1.3642 - 100-DMA
*PRICE: Sgd1.3623 @ 2200GMT
*SUP 1: Sgd1.3581 - 21-DMA 
*SUP 2: Sgd1.3558 - 55-DMA 
*SUP 3: Sgd1.3548 - Low Oct 19 
*SUP 4: Sgd1.3529 - Daily Bull channel base
*COMMENTARY: Topside hesitation came to an end with a close above Sgd1.3594 that
sees immediate pressure on the 100-DMA and bear channel top. Bulls look for a
close above these levels to confirm focus on tests of Sgd1.3688-1.3720. Layers
of support are following the pair higher with bears now needing a close below
the 55-DMA to ease bullish pressure and shift focus back to Sgd1.3484 Oct lows
so far.
DOLLAR-WON TECHS: Krw1125.1 & Krw1135.0 Levels Key
*RES 4: Krw1143.0 - High Oct 10
*RES 3: Krw1139.0 - 200-DMA
*RES 2: Krw1137.7 - High Oct 11
*RES 1: Krw1135.0 - High Oct 23
*PRICE: Krw1127.4 @ 2300GMT
*SUP 1: Krw1125.1 - Low Sept 8
*SUP 2: Krw1122.2 - Bollinger band base
*SUP 3: Krw1119.0 - Low Aug 28
*SUP 4: Krw1114.3 - High July 27 now support
*COMMENTARY: The recovery from ahead of the Krw1125.1 support stalled around the
21-DMA (Krw1133.5) with the pair rejected above Monday. Bulls now look for a
close above Krw1135.0 to ease bearish pressure and above Krw1137.7 to shift
focus back to the 200-DMA. The Krw1125.1 support remains key. Bears continue to
look for a close below this level to reconfirm a bearish bias and to shift
overall focus back to 2017 lows.
DOLLAR-MYR TECHS: Pressure Remains On 55-DMA
*RES 4: Myr4.2680 - High Sept 5 
*RES 3: Myr4.2605 - 100-DMA 
*RES 2: Myr4.2550 - High Sept 28 
*RES 1: Myr4.2419 - 55-DMA
*PRICE: Myr4.2329 @ 2300GMT
*SUP 1: Myr4.2120 - Low Oct 23 
*SUP 2: Myr4.2062 - Low Oct 16 
*SUP 3: Myr4.1940 - Low Oct 13 
*SUP 4: Myr4.1870 - Low Sept 20
*COMMENTARY: Rallies remain capped ahead of the 55-DMA with the Myr4.2550-2680
resistance region above also a concern. Overall bulls need a close above
Myr4.2680 to confirm breaks of 55 & 100-DMAs, ending bearish hopes and shifting
immediate focus to Myr4.3112 Aug highs. Initial support is noted at Myr4.2120
with bears needing a close below to shift focus back to Myr4.1800-1940.
DOLLAR-CNH TECHS: 21-DMA Now Supporting
*RES 4: Cnh6.6904 - High Oct 3 
*RES 3: Cnh6.6879 - 100-DMA 
*RES 2: Cnh6.6639 - High Oct 9
*RES 1: Cnh6.6437 - High Oct 23
*PRICE: Cnh6.6421 @ 2300GMT
*SUP 1: Cnh6.6224 - 21-DMA
*SUP 2: Cnh6.6112 - 55-DMA
*SUP 3: Cnh6.5568 - Low Oct 11
*SUP 4: Cnh6.5409 - Low Sept 18
*COMMENTARY: Bulls take comfort in gains this week with support emerging ahead
of the 21-DMA and focus now having returned to the Cnh6.6639-6.6904 region where
the 100-DMA is noted. The Cnh6.5923 support remains key this week with bears
needing a close below to ease renewed bullish pressure and below Cnh6.5568 to
initially pressure Cnh6.5053. Daily studies are well placed for a fresh leg
higher potentially targeting the 200-DMA (Cnh6.7754).
DOLLAR-PHP TECHS: Php51.350 & Php51.700 Levels Remain Key
*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: Php51.540 @ 2300GMT
*SUP 1: Php51.350 - Low Oct 18 
*SUP 2: Php51.208 - 21-DMA 
*SUP 3: Php51.160 - Low Oct 10 
*SUP 4: Php51.057 - 55-DMA
*COMMENTARY: Consolidation above the 21-DMA continues with bulls needing a close
above Php51.700 to confirm focus on the Php52.085-56 region. The Bollinger band
top (Php51.699) and daily studies lingering around modestly O/B levels are seen
as concerns for bulls. In saying that, bears now need a close below Php51.350 to
ease immediate bullish pressure and below the 55-DMA to hint at a deeper
sell-off.
DOLLAR-THB TECHS: Bulls Need Close Above Thb33.25
*RES 4: Thb33.54 - High Oct 3 
*RES 3: Thb33.45 - 100-DMA 
*RES 2: Thb33.35 - Daily Bear channel top 
*RES 1: Thb33.25 - High Oct 11
*PRICE: Thb33.19 @ 2300GMT
*SUP 1: Thb33.01 - 2017 Low Sept 7 & 8, Oct 16 
*SUP 2: Thb32.98 - Monthly Low May 1 2015 
*SUP 3: Thb32.52 - Low Apr 27 2015 
*SUP 4: Thb32.38 - Daily Bear channel base
*COMMENTARY: The Thb33.25 resistance continues to cap attempts to break above
the 21 (Thb33.24) & 55 (Thb33.20) DMAs with bulls needing a close above Thb33.25
to ease immediate bearish pressure. A close above Thb33.54 is then needed to
shift immediate focus back to Thb33.70-80. While Thb33.25 caps bears retain the
advantage and look for a close below Thb32.98 to target Thb32.38-52 where the
bear channel base it noted.
DOLLAR-IDR TECHS: Idr13455 Support Remains Key
*RES 4: Idr13788 - Daily Bull channel top 
*RES 3: Idr13698 - Monthly High June 2 2016 
*RES 2: Idr13585 - High Dec 1 2016, 2017 High Oct 3 
*RES 1: Idr13574 - Bollinger band top
*PRICE: Idr13530 @ 2300GMT
*SUP 1: Idr13500 - Low Oct 23 
*SUP 2: Idr13498 - 21-DMA 
*SUP 3: Idr13480 - Low Oct 17 
*SUP 4: Idr13455 - Low Oct 5
*COMMENTARY: Consolidation above Idr13455 sees bulls gaining confidence with
immediate focus now on Idr13585 2017 highs. Bulls need a close above 2017 highs
to focus on the daily bull channel top. Idr13455 is once again key support.
Bears need a close below to confirm a break of the 21-DMA, easing bullish
pressure and shifting focus back to Idr13342-13382 where 55, 100 & 200-DMAs are
clustered.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
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