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15 December 2017
By Kyle Shortland
Please click on this link to access MNI's daily Dollar-Asia FX Technical
Analysis Pdf
DOLLAR-SING TECHS: Above 21-DMA To Ease Bearish Pressure
*RES 4: Sgd1.3567 - Bollinger band top 
*RES 3: Sgd1.3557 - 55-DMA 
*RES 2: Sgd1.3536 - 200-WMA 
*RES 1: Sgd1.3492 - 21-DMA
*PRICE: Sgd1.3451 @ 2300GMT
*SUP 1: Sgd1.3415 - Low Dec 1 
*SUP 2: Sgd1.3399 - Low Sept 20 
*SUP 3: Sgd1.3350 - Daily Bear channel base
*SUP 4: Sgd1.3342 - 2017 Low Sept 8
*COMMENTARY: Hesitation around the 200-WMA has seen a sell-off and closes below
the 21-DMA leave the pair looking heavy with immediate bearish focus now on
Sgd1.3399-1.3415 and overall focus on Sgd1.3342-50 where 2017 lows and bear
channel base are situated. Bulls need a close above the 21-DMA to ease bearish
pressure and above the 55-DMA to end bearish hopes, shifting focus back to
Sgd1.3659-1.3725 where the 200-DMA is noted.
DOLLAR-WON TECHS: Krw1096.2-1101.4 Resistance Region Remains Key
*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: Krw1089.1 @ 2300GMT
*SUP 1: Krw1083.5 - Low Dec 14
*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: Bulls take comfort in the bounce from Thursday's lows but the
Krw1096.2-1101.4 resistance region remains key. Bulls need a close above
Krw1096.2 to hint at a shift higher in focus with above Krw1101.4 to initially
target Krw1107.5-1110.5. While Krw1096.2 caps bears remain focused on
Krw1066.6-1075.5 where 2015 & 2017 lows are situated.
DOLLAR-MYE TECHS: Myr4.0690 & 21-DMA Levels Now Key
*RES 4: Myr4.1423 - High Nov 24 
*RES 3: Myr4.1311 - High Nov 28 
*RES 2: Myr4.1116 - 21-DMA 
*RES 1: Myr4.1014 - High Dec 12
*PRICE: Myr4.0853 @ 2300GMT
*SUP 1: Myr4.0690 - Low Dec 14 
*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 but bulls now need a close above the 21-DMA to ease bearish
pressure and hint at a correction back to Myr4.1311-1423. While the 21-DMA 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: Looking A Little Heavy
*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: Cnh6.6250 - 100-DMA
*PRICE: Cnh6.6088 @ 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 (Cnh6.6135) & 55 (Cnh6.6220) 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 (Cnh6.7330) 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: Bulls Need Close Above 21-DMA
*RES 4: Php51.029 - 55-DMA 
*RES 3: Php50.965 - 100-DMA 
*RES 2: Php50.810 - High Dec 7 
*RES 1: Php50.615 - 21-DMA
*PRICE: Php50.480 @ 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: The lack of follow through on pops above the 200-DMA (Php50.513) is
a concern for bulls who continue to look for a close above the 21-DMA to ease
bearish pressure and confirm focus on Php50.810-51.029 where 100 & 55-DMAs are
situated. Bears continue to look for a close below Php50.240 to return pressure
to the key Php49.970-50.140 support region.
DOLLAR-THB TECHS: Bears Remain Focused On Channel Base
*RES 4: Thb33.07 - High Nov 15 
*RES 3: Thb32.92 - High Nov 17 
*RES 2: Thb32.77 - High Nov 22 
*RES 1: Thb32.64 - 21-DMA
*PRICE: Thb32.51 @ 2300GMT
*SUP 1: Thb33.43 - 2017 Low Dec 14 
*SUP 2: Thb32.26 - 2015 Lows Feb 26 & Apr 17 & 20 2015 
*SUP 3: Thb32.19 - Monthly Low Oct 21 2014 
*SUP 4: Thb31.91 - Daily Bear channel base
*COMMENTARY: Fresh 2017 & 2+ year lows continue and add weight to the bearish
case with overall focus on tests of the bear channel base. O/S daily studies
have now corrected back to more bear friendly levels. Bulls still need a close
above Thb32.77 to ease immediate bearish pressure and shift initial focus back
to Thb32.88-33.07 where 55 & 100-DMAs and LT bear channel top (Thb32.88) are
DOLLAR-IDR TECHS: Bears Need Close Below 55-DMA
*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: Idr13575 @ 2300GMT
*SUP 1: Idr13557 - High Nov 13 now support 
*SUP 2: Idr13533 - 21-DMA 
*SUP 3: Idr13528 - 55-DMA 
*SUP 4: Idr13490 - Low Nov 7
*COMMENTARY: The bullish close above the 21-DMA (Idr13533) increased bullish
confidence last week with the close above Idr13558 reconfirming focus on
Idr13605-640 where 2017 highs are situated. Layers of support are noted
Idr13528-557. The 55-DMA remains key support with bears still needing a close
below to ease bullish pressure and below Idr13490 to shift focus back to
DOLLAR-INR TECHS: Bulls Need Close Above Inr64.6300
*RES 4: Inr65.1375 - Low Nov 16 now resistance 
*RES 3: Inr64.9015 - 55-DMA 
*RES 2: Inr64.7352 - 200-DMA 
*RES 1: Inr64.6300 - High Nov 30
*PRICE: Inr64.3400 @ 2300GMT
*SUP 1: Inr64.1283 - Daily Bear channel base 
*SUP 2: Inr64.0188 - Bollinger band base 
*SUP 3: Inr63.7750 - Monthly Low Sept 8 
*SUP 4: Inr63.5600 - 2017 Low Aug 3
*COMMENTARY: Failure to gain traction on pops above the LT falling TL
(Inr65.1356) off Nov 2016 highs in recent weeks saw a sell off that resulted in
tests of the daily bear channel base. A close below is needed to confirm focus
on 2017 lows. Bulls still need a close above Inr64.6300 to ease bearish pressure
and above the 55-DMA to shift focus to layers of resistance Inr65.1356-5425.
Correcting O/S daily studies remain a concern for bears.
--MNI Beijing Bureau; tel: +44 207-862-7435; email:

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