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AUSSIE 10-YEAR TECHS

(Z1) Off Lows, But Remains Weak

USDCAD TECHS

Still Vulnerable

AUDUSD TECHS

Bullish Price Sequence

13 December 2017
By Kyle Shortland
     
Click below for today's MNI FX Technical Analysis Report -
http://tinyurl.com/pzkomnu
DOLLAR-SING TECHS: Sgd1.3536-62 Resistance Region Key
*RES 4: Sgd1.3659 - Monthly High Nov 6 
*RES 3: Sgd1.3590 - Bollinger band top 
*RES 2: Sgd1.3562 - 55-DMA 
*RES 1: Sgd1.3536 - 200-WMA
*PRICE: Sgd1.3525 @ 2300GMT
*SUP 1: Sgd1.3498 - Low Dec 11 
*SUP 2: Sgd1.3486 - Hourly support Dec 7 
*SUP 3: Sgd1.3459 - Low Dec 6 
*SUP 4: Sgd1.3448 - Low Dec 5
*COMMENTARY: Correcting O/S daily studies impacted in past weeks with support
emerging on dips a concern for bears. Bulls still need a close above the 200-WMA
to ease bearish pressure and above the 55-DMA now to shift initial focus to
Sgd1.3659. Key support remains at Sgd1.3486 with bears needing a close below to
ease pressure on resistance layers and below Sgd1.3399 to reconfirm focus on
2017 lows.
DOLLAR-WON TECHS: Above Krw1101.4 Initially Pressures Krw1107.5-1110.5
*RES 4: Krw1110.5 - Low Mar 28 now resistance
*RES 3: Krw1107.5 - High Nov 16
*RES 2: Krw1101.4 - High Nov 20
*RES 1: Krw1096.2 - High Dec 7
*PRICE: Krw1092.4 @ 2300GMT
*SUP 1: Krw1088.0 - Low Dec 12
*SUP 2: Krw1080.3 - Low Nov 30
*SUP 3: Krw1075.5 - 2017 Low Nov 29
*SUP 4: Krw1066.6 - 2015 Low Apr 29 2015
*COMMENTARY: The lack of follow through after recent 2017/2+ year lows now sees
the pair flirting with the 21-DMA (Krw1092.3). Bulls still need a close above
Krw1101.4 to confirm a break of the 21-DMA and shift focus to Krw1107.5-1110.5.
Bears now look for a close below Krw1088.0 to gain breathing room and below
Krw1080.3 to retain focus on 2015 lows and then the Krw1045.6 Oct monthly low
from 2014.
DOLLAR-MYR TECHS: Topside Follow Through Lacking
*RES 4: Myr4.1725 - Lows Nov 10 & 15 now resistance 
*RES 3: Myr4.1423 - High Nov 24 
*RES 2: Myr4.1311 - High Nov 28 
*RES 1: Myr4.1014 - High Dec 12
*PRICE: Myr4.0800 @ 2300GMT
*SUP 1: Myr4.0700 - Low Dec 8 
*SUP 2: Myr4.0470 - 2017 Low Dec 5 
*SUP 3: Myr4.0370 - Monthly Low Sept 8 2016 
*SUP 4: Myr4.0135 - Low Aug 26 2016
*COMMENTARY: Follow through was lacking on the recent 2017 lows with correcting
O/S daily studies providing the impetus for a correction. Initial resistance is
noted at Myr4.1014 with bulls needing a close above to ease bearish pressure and
hint at a correction back to Myr4.1311-1423 with the 21-DMA at Myr4.1165. While
Myr4.1014 caps bears remain focused on Myr3.9750-4.0315 where the Aug monthly
low is noted. Overall focus remains on the 200-WMA (Myr3.9230).
DOLLAR-CNH TECHS: 100-DMA Continues To Cap
*RES 4: Cnh6.7154 - Low Aug 1 now resistance 
*RES 3: Cnh6.6904 - High Oct 3 
*RES 2: Cnh6.6651 - High Oct 27 
*RES 1: Cnh6.6276 - 100-DMA
*PRICE: Cnh6.6201 @ 2300GMT
*SUP 1: Cnh6.5926 - Low Dec 1
*SUP 2: Cnh6.5674 - Low Nov 24
*SUP 3: Cnh6.5568 - Low Oct 11
*SUP 4: Cnh6.5409 - Low Sept 18
*COMMENTARY: Hesitation around 21 (Cnh6.6156) & 55 (Cnh6.6233) DMAs continues
and is a concern for bulls with the pair remaining capped around the 100-DMA.
Bulls still need a close above the 100-DMA to add support to the case for a move
back to the 200-DMA (Cnh6.7360) with above Cnh6.6904 needed to confirm. Bears
need a close below Cnh6.5926 to ease pressure on the 100-DMA and reconfirm focus
on Cnh6.5568-5674 with a close below to target Cnh6.5033.
DOLLAR-PHP TECHS: Marginal Close Above 200-DMA
*RES 4: Php51.045 - 55-DMA 
*RES 3: Php50.969 - 100-DMA 
*RES 2: Php50.810 - High Dec 7 
*RES 1: Php50.762 - 21-DMA
*PRICE: Php50.510 @ 2300GMT
*SUP 1: Php50.300 - Low Dec 11 
*SUP 2: Php50.240 - Monthly Low Nov 29 
*SUP 3: Php50.140 - Monthly Low Aug 4 
*SUP 4: Php49.970 - Low June 20
*COMMENTARY: Bulls take comfort in a marginal close above the 200-DMA
(Php50.508) that eases immediate bearish pressure and increases the risk of a
correction back to 21, 55 & 100-DMAs Php50.683-51.045. Bulls now need a close
above the 55-DMA to end bearish hopes and shift focus back to 2017 highs
(Php51.850), Bears now need a close below Php50.240 to return pressure to the
key Php49.970-50.140 support region.
DOLLAR-THB TECHS: Bounces Capped Ahead Of 21-DMA
*RES 4: Thb33.07 - High Nov 15 
*RES 3: Thb32.92 - High Nov 17 
*RES 2: Thb32.77 - High Nov 22 
*RES 1: Thb32.69 - 21-DMA
*PRICE: Thb32.59 @ 2300GMT
*SUP 1: Thb33.48 - 2017 Low Nov 29 
*SUP 2: Thb32.26 - 2015 Lows Feb 26 & Apr 17 & 20 2015 
*SUP 3: Thb32.19 - Monthly Low Oct 21 2014 
*SUP 4: Thb31.94 - Daily Bear channel base
*COMMENTARY: Repeated fresh 2017 lows in past weeks added weight to the bearish
case with overall focus on tests of the bear channel base. O/S daily studies
correcting higher remain key concern for bears. In saying that, bulls need a
close above Thb32.77 to ease immediate bearish pressure and hint at a correction
back to Thb32.92-33.10 where 55 & 100-DMAs and LT bear channel top (Thb32.90)
are located.
DOLLAR-IDR TECHS: Focus Back On 2017 Highs
*RES 4: Idr13825 - High Feb 3 2016 
*RES 3: Idr13698 - Monthly High June 2 2016 
*RES 2: Idr13640 - 2017 High Oct 27 
*RES 1: Idr13605 - High Oct 30
*PRICE: Idr13567 @ 2300GMT
*SUP 1: Idr13557 - High Nov 13 now support 
*SUP 2: Idr13529 - 21-DMA 
*SUP 3: Idr13525 - 55-DMA 
*SUP 4: Idr13490 - Low Nov 7
*COMMENTARY: The bullish close above the 21-DMA (Idr13529) increased bullish
confidence with the close above Idr13558 reconfirming focus on Idr13605-640
where 2017 highs are situated. The 55-DMA remains key support with bears now
needing a close below to ease bullish pressure and below Idr13490 to shift focus
back to Idr13455.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]