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GILT TECHS

(M1) Gains Considered Corrective

SCHATZ TECHS

(M1) Needle Points South

BOBL TECHS

(M1) 50-day EMA Remains Intact

BUND TECHS

(M1) Bearish Focus

AUSTRALIA DATA

Australia Mar Retail Sales +1.3% M/M; -0.5% Q/Q

CHINA RATES

China Repo Rates Increase: Wind

1 June 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: Below Sgd1.3344 Focuses On Sgd1.3197-1.3285
*RES 4: Sgd1.3496 - High Dec 18 
*RES 3: Sgd1.3489 - 2018 High May 10 
*RES 2: Sgd1.3459 - 55-WMA 
*RES 1: Sgd1.3417 - Low May 29 now resistance
*PRICE: Sgd1.3451 @ 2300GMT
*SUP 1: Sgd1.3344 - Low May 15 
*SUP 2: Sgd1.3285 - Low May 4 
*SUP 3: Sgd1.3254 - 55-DMA 
*SUP 4: Sgd1.3218 - 100-DMA
*COMMENTARY: Bears managed a dip below the 200-DMA (Sgd1.3362) Thursday but with
follow through lacking, bears now need a close below Sgd1.3344 to confirm a
break and shift initial focus to Sgd1.3197-1.3285 where 55 &100-DMAs are
located. Bulls now need a close above Sgd1.3417 to gain breathing room and above
Sgd1.3538 to confirm traction above the 55-WMA and to focus on 200 (Sgd1.3621) &
100 (Sgd1.3680) WMAs.
     DOLLAR-WON TECHS: Topside Hesitation Continues
*RES 4: Krw1098.4 - 2018 High Feb 6
*RES 3: Krw1090.2 - 200-DMA
*RES 2: Krw1087.6 - High Mar 1
*RES 1: Krw1086.7 - High May 21
*PRICE: Krw1080.2 @ 2300GMT
*SUP 1: Krw1072.1 - 55-DMA
*SUP 2: Krw1067.4 - Bollinger band base
*SUP 3: Krw1063.3 - Low May 10
*SUP 4: Krw1058.7 - Low Apr 19
*COMMENTARY: Topside hesitation continues with yet another topside rejection
seeing pressure back on the 55-DMA. Bulls need a close above Krw1087.6 to
confirm focus on Krw1090.2-1098.4 where the 200-DMA and 2018 high are located.
Bears need a close below the 55-DMA to return pressure to Krw1063.3 and below
this level to initially target 2018 lows (Krw1052.0).
     DOLLAR-MYR TECHS: Myr3.9620 Support Now Key
*RES 4: Myr4.0450 - Monthly Low Dec 5 now resistance 
*RES 3: Myr4.0260 - High Jan 3 
*RES 2: Myr4.0051 - 200-WMA 
*RES 1: Myr3.9930 - High May 30
*PRICE: Myr3.9780 @ 2300GMT
*SUP 1: Myr3.9626 - 21-DMA 
*SUP 2: Myr3.9620 - Low May 22 
*SUP 3: Myr3.9400 - Low May 14 
*SUP 4: Myr3.9250 - High Mar 16 now support
*COMMENTARY: Fresh 4mth highs continued Tuesday with immediate focus on the
200-WMA. Bulls need a close above the 200-WMA to initially target the 200-DMA
(Myr4.0386). Modestly O/B daily studies remain a concern for bulls as does the
Bollinger top (Myr3.9955). Bears now need a close below Myr3.9620 to ease
bullish pressure and below the 100-DMA (Myr3.9159) to hint at a move back to
2018 lows.
     DOLLAR-CNH TECHS: Cnh6.3889 support Key Today
*RES 4: Cnh6.4657 - Low Jan 8 now resistance 
*RES 3: Cnh6.4601 - 200-DMA 
*RES 2: Cnh6.4475 - High Jan 16 
*RES 1: Cnh6.4322 - High May 30
*PRICE: Cnh6.4102 @ 2300GMT
*SUP 1: Cnh6.3889 - High May 25 now support
*SUP 2: Cnh6.3690 - 21-DMA
*SUP 3: Cnh6.3642 - High May 22 now support
*SUP 4: Cnh6.3335 - 21-WMA
*COMMENTARY: The rally from dips back to the 21-DMA is now hesitating ahead of
the 200-DMA with daily studies looking to correct from modestly O/B levels less
than ideal for bulls. Bears look for a close below Cnh6.3642 to confirm a break
of the 21-DMA and to shift initial focus back to 6.3223-3331 where 55 & 100-DMAs
and the 21-WMA are located. Bulls now need a close above Cnh6.4322 to reconfirm
focus on 200-DMA and WMAs.
     DOLLAR-PHP TECHS: Bears Need Close Below Php52.381
*RES 4: Php53.071 - High July 3 2006 
*RES 3: Php52.940 - High July 25 2006 
*RES 2: Php52.848 - Bollinger band top 
*RES 1: Php52.773 - 2018 High May 30
*PRICE: Php52.541 @ 2300GMT
*SUP 1: Php52.381 - Low May 28 
*SUP 2: Php52.143 - 55-DMA 
*SUP 3: Php52.056 - High May 10 now support 
*SUP 4: Php51.977 - Daily Bull channel base
*COMMENTARY: Support emerging on dips back towards the 21 & 55-DMAs resulted in
2018 & nearly 12yr highs although follow through has been lacking courtesy of
the Bollinger band top. Bulls focus on Php53.940-53.071 last seen in July 2006.
Initial support is noted at Php52.381 with bears needing a close below to gain
breathing room and target a correction back to Php51.910-143 where the 55 &
100-DMAs and daily bull channel base are found.
     DOLLAR-THB TECHS: Focus Back on 200-DMA
*RES 4: Thb32.58 - 2018 High Jan 2 
*RES 3: Thb32.39 - Low Jan 2 now support 
*RES 2: Thb32.22 - 200-DMA 
*RES 1: Thb32.18 - High May 30
*PRICE: Thb32.05 @ 2300GMT
*SUP 1: Thb31.95 - Low May 29 
*SUP 2: Thb31.75 - Low May 14 
*SUP 3: Thb31.58 - Low May 3 
*SUP 4: Thb31.57 - 55-DMA
*COMMENTARY: Bulls take comfort in the failure to gain traction below the 21-DMA
(Thb32.01) with pressure having returned to the 200-DMA which confirmed
significance last week. Bulls continue to look for a close above Thb32.39 to
confirm a break of the 200-DMA and focus on the 55-WMA (Thb32.61). Bears now
need a close below Thb31.95 to gain breathing room and below Thb31.75 to return
focus to Thb31.32-58 where 55 & 100-DMAs are located.
     DOLLAR-IDR TECHS: Idr13688-800 Support Region Key
*RES 4: Idr14110 - Alternating daily support/resistance 
*RES 3: Idr14080 - High May 28 now support 
*RES 2: Idr14045 - 21-DMA 
*RES 1: Idr13965 - Low May 30 now resistance
*PRICE: Idr13890 @ 2300GMT
*SUP 1: Idr13860 - Low Apr 30 
*SUP 2: Idr13800 - High Mar 1 now support 
*SUP 3: Idr13741 - 100-DMA 
*SUP 4: Idr13730 - Low Mar 28
*COMMENTARY: The sell-off from 2018 highs has resulted in a close around the
55-DMA (Idr13890) with the pair remaining heavy. The Idr13688-800 support region
is now seen as key. Bears need a close below Idr13688 to initially target the
200-DMA (Idr13605) with a close below needed to shift focus back to 2018 lows.
Bulls now need a close above Idr13965 to gain breathing room and above Idr14110
to return focus to 2018 highs.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]