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MNI Dollar-Asia Morning FX Technical Analysis 

27 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: Focus Back On Sgd1.3000-52
*RES 4: Sgd1.3279 - Daily Bear channel top (off Oct high) 
*RES 3: Sgd1.3266 - 55-DMA 
*RES 2: Sgd1.3256 - High Feb 22 
*RES 1: Sgd1.3212 - High Feb 26
*PRICE: Sgd1.3158 @ 2300GMT
*SUP 1: Sgd1.3052 - Low Feb 16 
*SUP 2: Sgd1.3013 - 2018 Low Jan 25 
*SUP 3: Sgd1.3000 - Monthly Low Dec 16 2014 
*SUP 4: Sgd1.2955 - Low Nov 27 2014
*COMMENTARY: Hesitation ahead of the 55-DMA has taken its toll with the close
below the 21-DMA (Sgd1.3179) leaving the pair looking a little heavy and
returning focus to Sgd1.3000-52 where 2018 & 3yr lows are situated. Bulls now
need a close above the bear channel top off Oct highs to shift initial focus to
Sgd1.3339-1.3415 where the bear channel top off 2017 highs and the 100-DMA
(Sgd1.3395) are located.
     DOLLAR-WON TECHS: 21-DMA Now Capping
*RES 4: Krw1090.7 - Daily Bear channel top
*RES 3: Krw1089.4 - 100-DMA
*RES 2: Krw1086.6 - High Feb 13
*RES 1: Krw1077.2 - 21-DMA
*PRICE: Krw1070.1 @ 2300GMT
*SUP 1: Krw1060.9 - Low Feb 16
*SUP 2: Krw1054.7 - 2018 Low
*SUP 3: Krw1045.6 - Monthly Low Oct 29 2014
*SUP 4: Krw1036.7 - Daily Bear channel base
*COMMENTARY: Hesitation ahead of the Krw1086.6-1098.4 resistance region where
the 100-DMA, 2018 high and bear channel top are situated remains a concern.
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. In
saying that, the close below the 55-DMA (Krw1173.6) leaves the pair looking
heavy adding weight to the case for a retest of 2018 lows.
     DOLLAR-MYR TECHS: Remains Capped Ahead Of 200-WMA
*RES 4: Myr3.9850 - High Jan 12 
*RES 3: Myr3.9689 - High Jan 18 
*RES 2: Myr3.9586 - 200-WMA 
*RES 1: Myr3.9420 - High Jan 22
*PRICE: Myr3.9010 @ 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 (Myr3.9709) 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 last seen in July 2015.
     DOLLAR-CNH TECHS: Initial Focus on Retests of 2018 Low
*RES 4: Cnh6.3870 - Low Jan 19 now resistance 
*RES 3: Cnh6.3773 - High Feb 8 
*RES 2: Cnh6.3546 - High Feb 22 
*RES 1: Cnh6.3159 - 21-DMA
*PRICE: Cnh6.2949 @ 2300GMT
*SUP 1: Cnh6.2748 - Bollinger band base
*SUP 2: Cnh6.2678 - Low Feb 16
*SUP 3: Cnh6.2548 - 2018 Low Feb 7
*SUP 4: Cnh6.2480 - High Mar 18 2015 now support
*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. Losses to start the new week see a close below the 21-DMA buying bears
breathing room and seeing initial focus reconfirmed on retests of 2018 lows.
Bulls now need a close above the 21-DMA to ease bearish pressure and above
Cnh6.3870 to end bearish hopes and initially target Cnh6.4140-4657.
     DOLLAR-PHP TECHS: Bears Need Close Below Bull Channel Base
*RES 4: Php52.847 - 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: Php51.748 - Daily Bull channel base off 2018 low 
*SUP 2: Php51.400 - Low Feb 9 
*SUP 3: Php51.030 - Low Feb 7 
*SUP 4: Php50.948 - 100-DMA
*COMMENTARY: The correction lower from 2018 and 11+yr highs sees dips below the
21-DMA (Php51.786) as it finds 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 Thb30.80-98
*RES 4: Thb31.92 - High Feb 8 
*RES 3: Thb31.74 - High Feb 12 
*RES 2: Thb31.65 - High Feb 22 
*RES 1: Thb31.55 - Daily Bear channel top
*PRICE: Thb31.27 @ 2300GMT
*SUP 1: Thb31.16 - 2018 Low Feb 16, Low Nov 6 2013 
*SUP 2: Thb30.98 - LT Bear channel base 
*SUP 3: Thb30.80 - Monthly Low July 24 2013 
*SUP 4: Thb30.57 - 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
Thb30.80-98 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 daily bull channel top to gain breathing room and above Thb32.06
to shift initial focus to Thb32.31-58.
     DOLLAR-IDR TECHS: Bears Need Close Below Idr13618
*RES 4: Idr13748 - Bollinger band top 
*RES 3: Idr13710 - High Feb 9 2016 
*RES 2: Idr13698 - Monthly High June 2 2016 
*RES 1: Idr13688 - 2018 High Feb 22
*PRICE: Idr13655 @ 2300GMT
*SUP 1: Idr13621 - Daily Bull channel base off 2018 low 
*SUP 2: Idr13618 - High Feb 21 now support 
*SUP 3: Idr13559 - 21-DMA 
*SUP 4: Idr13530 - Low Feb 19
*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
Idr13839. The daily bull channel base is initial support but bears now look for
a close below Idr13618 to ease bullish pressure and shift initial focus back to
Idr13498-559 where key DMAs are situated. Below the 55-DMA (Idr13498) 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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