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MNI Dollar-Asia Morning FX Technical Analysis 

26 February 2018
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: Sgd1.3153 Support Remains Key
*RES 4: Sgd1.3339 - High Feb 9 
*RES 3: Sgd1.3284 - Bear channel top off Oct High 
*RES 2: Sgd1.3273 - 55-DMA 
*RES 1: Sgd1.3256 - High Feb 22
*PRICE: Sgd1.3194 @ 2300GMT
*SUP 1: Sgd1.3175 - 21-DMA 
*SUP 2: Sgd1.3153 - High Feb 15 now support 
*SUP 3: Sgd1.3059 - Low Feb 16 
*SUP 4: Sgd1.3013 - 2018 Low Jan 25
*COMMENTARY: Hesitation ahead of the 55-DMA remains a concern with layers of
resistance Sgd1.3273-1.3415 where bear channel tops and DMAs are situated. The
Sgd1.3153 support remains key. Bears look for a close below Sgd1.3153 to return
initial focus to 2018 lows and then bear channel bases (Sgd1.2874-92). Bulls
need a close above the bears channel top off Oct highs to add support to their
case & above Sgd1.3434 to target the 200-DMA (Sgd1.3537).
     DOLLAR-WON TECHS: Krw1086.6-1098.4 Resistance Region Key
*RES 4: Krw1098.4 - 2018 High Feb 6
*RES 3: Krw1091.2 - Daily Bear channel top
*RES 2: Krw1090.1 - 100-DMA
*RES 1: Krw1086.6 - High Feb 13
*PRICE: Krw1076.7 @ 2300GMT
*SUP 1: Krw1073.9 - 55-DMA
*SUP 2: Krw1060.9 - Low Feb 16
*SUP 3: Krw1054.7 - 2018 Low
*SUP 4: Krw1045.6 - Monthly Low Oct 29 2014
*COMMENTARY: Hesitation ahead of the Krw1086.6-1098.4 resistance region where
the 100-DMA, 2018 high and bear channel top are situated remains key. Bulls need
a close above this region to initially target Krw1108.3-1121.8 where the 200-DMA
is noted. Correcting O/B studies remain a concern for bears. Initial support is
noted at the 55-DMA with a close below to ease bullish pressure and retain
initial focus on Krw1054.7-1060.9 where 2018 lows are noted.
     DOLLAR-MYR TECHS: Remains Capped Around 200-WMA
*RES 4: Myr3.9850 - High Jan 12 
*RES 3: Myr3.9689 - High Jan 18 
*RES 2: Myr3.9554 - 200-WMA 
*RES 1: Myr3.9420 - High Jan 22
*PRICE: Myr3.9170 @ 2300GMT
*SUP 1: Myr3.8800 - Low Feb 2 
*SUP 2: Myr3.8630 - 2018 Low Jan 29 
*SUP 3: Myr3.8470 - 2016 Low Apr 13 
*SUP 4: Myr3.8180 - High July 30 2015 now support
*COMMENTARY: The 200-WMA has capped since the close below in Jan. Bulls look for
a close above the 200-WMA to ease bearish pressure and above Myr3.9850 to
confirm a break of the 55-DMA (Myr3.9740) and shift initial focus to
Myr4.0260-0450. While the 200-WMA caps bears initially focus on the 2018 low
with a close below to target Myr3.8180.
     DOLLAR-CNH TECHS: Cnh6.3102 Support Key This Week
*RES 4: Cnh6.4140 - Low Nov 25 2015, Low Jan 15 & 17 
*RES 3: Cnh6.3870 - Low Jan 19 now resistance 
*RES 2: Cnh6.3773 - High Feb 8 
*RES 1: Cnh6.3546 - High Feb 22
*PRICE: Cnh6.3260 @ 2300GMT
*SUP 1: Cnh6.3102 - High Feb 19 now support
*SUP 2: Cnh6.2771 - Bollinger band base
*SUP 3: Cnh6.2678 - Low Feb 16
*SUP 4: Cnh6.2548 - 2018 Low Feb 7
*COMMENTARY: The recovery from recent 2018 & 2+ year lows has stalled ahead of
the Cnh6.3773-6.3870 resistance region despite gaining traction above the
21-DMA. The Cnh6.3102 support is key this week. Bears need a close below to ease
bullish pressure and return initial focus to 2018 lows and overall focus to
Cnh6.2290. Bulls need a close above Cnh6.3870 to end bearish hopes and initially
target Cnh6.4140-4657 with the 55-DMA (Cnh6.4347).
     DOLLAR-PHP TECHS: Bears Need Close Below Bull Channel Base
*RES 4: Php52.791 - Daily Bull channel top 
*RES 3: Php52.560 - Low July 18 2006 now resistance 
*RES 2: Php52.501 - 2018 High Feb 19 
*RES 1: Php52.176 - High Feb 22
*PRICE: Php51.800 @ 2300GMT
*SUP 1: Php51.691 - Daily Bull channel base off 2018 low 
*SUP 2: Php51.400 - Low Feb 9 
*SUP 3: Php51.030 - Low Feb 7 
*SUP 4: Php50.942 - 100-DMA
*COMMENTARY: The correction lower from 2018 and 11+yr highs resulted in a dip
below the 21-DMA (Php51.742) before finding support around the daily bull
channel base off 2018 lows. Bears look for a close below the channel base to
hint at a move back to Php50.607-51.030 where key DMAs are clustered and below
Php51.400 to confirm. Bulls now need a close above Php51.176 to reconfirm focus
on the 2018 high and then the bull channel top.
     DOLLAR-THB TECHS: Below 2018 Lows Targets Thb30.60-80
*RES 4: Thb31.92 - High Feb 8 
*RES 3: Thb31.74 - High Feb 12 
*RES 2: Thb31.65 - High Feb 22 
*RES 1: Thb31.58 - Daily Bear channel top
*PRICE: Thb31.43 @ 2300GMT
*SUP 1: Thb31.16 - 2018 Low Feb 16, Low Nov 6 2013 
*SUP 2: Thb30.99 - LT Bear channel base 
*SUP 3: Thb30.80 - Monthly Low July 24 2013 
*SUP 4: Thb30.60 - Daily Bear channel base off Dec 27 high
*COMMENTARY: The pair remains heavy with immediate focus back on tests of 2018
lows. Bears look for a close below 2018 lows to reconfirm focus on the
Thb30.80-81 region where the bear channel base and July 2013 monthly low are
situated. Daily studies are well placed for a fresh leg lower. Bulls now need a
close above the 21-DMA to gain breathing room and above the 55-DMA (Thb32.11) to
shift initial focus to Thb32.39-58.
     DOLLAR-IDR TECHS: Bears Need Close Below Bull Channel Base
*RES 4: Idr13710 - High Feb 9 2016 
*RES 3: Idr13698 - Monthly High June 2 2016 
*RES 2: Idr13692 - Weekly Bollinger band top 
*RES 1: Idr13688 - 2018 High Feb 22
*PRICE: Idr13665 @ 2300GMT
*SUP 1: Idr13650 - Low Feb 22 
*SUP 2: Idr13618 - High Feb 21 now support 
*SUP 3: Idr13605 - Daily Bull channel base off 2018 low 
*SUP 4: Idr13542 - 21-DMA
*COMMENTARY: Immediate bullish focus remains on the Idr13698-710 resistance
region last seen in 2016 with overall focus on the daily bull channel top around
Idr13823. Initial support is noted at Idr13650 but bears need a close below the
daily bull channel base to ease bullish pressure and shift initial focus to
Idr13496-542 where key DMAs are situated. Below the 55-DMA (Idr13496) is needed
to hint at a move back to 2018 lows with below Idr13370 to confirm.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
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