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Health Ministers Release Joint Statement

AUDUSD TECHS

Heavy!

BRAZIL

Precatorios Bill May Be Voted On This Thursday

11 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: Sgd1.3417 Resistance Key This Week
*RES 4: Sgd1.3441 - 55-WMA 
*RES 3: Sgd1.3417 - Low May 29 now resistance 
*RES 2: Sgd1.3390 - 21-DMA 
*RES 1: Sgd1.3371 - High June 8
*PRICE: Sgd1.3358 @ 2300GMT
*SUP 1: Sgd1.3325 - Low June 8 
*SUP 2: Sgd1.3285 - Low May 4 
*SUP 3: Sgd1.3276 - 55-DMA 
*SUP 4: Sgd1.3226 - 100-DMA
*COMMENTARY: Despite closes below the 200-DMA (Sgd1.3355) the lack of downside
follow through last week with 55 & 100-DMAs lurking below is less than ideal for
bears. Bulls continue to look for a close above Sgd1.3417 to end bearish hopes
and return focus to Sgd1.3497-1.3538. Bears now look for a close below the
55-DMA to confirm initial focus on Sgd1.3173-1.3226 where the 100-DMA is noted.
     DOLLAR-WON TECHS: 200-DMA Resistance Key This Week
*RES 4: Krw1098.4 - 2018 High Feb 6
*RES 3: Krw1088.6 - 200-DMA
*RES 2: Krw1087.6 - High Mar 1
*RES 1: Krw1086.7 - High May 21
*PRICE: Krw1073.6 @ 2300GMT
*SUP 1: Krw1063.3 - Low May 10, Bollinger band base
*SUP 2: Krw1058.7 - Low Apr 19
*SUP 3: Krw1052.0 - 2018 Low Apr 2
*SUP 4: Krw1045.6 - Monthly Low Oct 29 2014
*COMMENTARY: Broad sideways trading continues with the 200-DMA resistance now
key. Bulls now look for a close above the 200-DMA to confirm a break higher with
immediate focus shifting to test of 2018 highs and the 55-WMA (Krw1098.6). Bears
continue to look for a close below Krw1063.3 to confirm a break lower and shift
immediate focus to tests of 2018 lows.
     DOLLAR-MYR TECHS: Myr3.9620 Support Remains Key
*RES 4: Myr4.0450 - Monthly Low Dec 5 now resistance 
*RES 3: Myr4.0260 - High Jan 3 
*RES 2: Myr4.0089 - 200-WMA 
*RES 1: Myr3.9930 - High May 30
*PRICE: Myr3.9870 @ 2300GMT
*SUP 1: Myr3.9719 - 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: A lack of topside follow through on 2018 highs has seen the pair
drift back to find support around the 21-DMA. Bears need a close below Myr3.9620
to confirm a break of the 21-DMA, easing bullish pressure, and below the 100-DMA
(Myr3.9172) to hint at a move back to 2018 lows. Bulls now look for a close
above Myr3.9930 to reconfirm focus on Myr4.0089-4.0298 where 200-DMA and WMAs
are noted.
     DOLLAR-CNH TECHS: Below Cnh6.3642 Targets 55 & 100-DMAs
*RES 4: Cnh6.4544 - 200-DMA 
*RES 3: Cnh6.4475 - High Jan 16 
*RES 2: Cnh6.4322 - High May 30 
*RES 1: Cnh6.4179 - High June 4
*PRICE: Cnh6.3983 @ 2300GMT
*SUP 1: Cnh6.3813 - 21-DMA
*SUP 2: Cnh6.3642 - High May 22 now support
*SUP 3: Cnh6.3306 - 21-WMA
*SUP 4: Cnh6.3278 - 100-DMA
*COMMENTARY: Pressure returned to the 21-DMA with the rally having stalled ahead
of the 200-DMA for now. Bears now look for a close below Cnh6.3642 to confirm a
break of the 21-DMA and to shift initial focus back to 6.3278-3306 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: Bulls Reconfirm Dominance
*RES 4: Php53.440 - Low June 28 2006 now resistance 
*RES 3: Php53.110 - Low June 22 2006 now resistance 
*RES 2: Php53.071 - High July 3 2006 
*RES 1: Php52.995 - 2018 High June 8
*PRICE: Php52.871 @ 2300GMT
*SUP 1: Php52.773 - High May 30 now support 
*SUP 2: Php52.490 - Low June 8 
*SUP 3: Php52.267 - Low June 6 
*SUP 4: Php52.172 - 55-DMA
*COMMENTARY: Fresh 2018 & nearly 12 year highs were seen Friday with bulls now
focused on the break of Php53.110 to shift focus to Php53.440-620 where levels
last seen in June 2006 are located. Daily studies have room to move before O/B
is an issue. Initial support is noted at Php52.773. Bears now need a close below
this level to ease bullish pressure.
     DOLLAR-THB TECHS: 200-DMA Key Resistance
*RES 4: Thb32.58 - 2018 High Jan 2 
*RES 3: Thb32.39 - Low Jan 2 now support 
*RES 2: Thb32.19 - 200-DMA 
*RES 1: Thb32.18 - High May 30, Bollinger band top
*PRICE: Thb32.06 @ 2300GMT
*SUP 1: Thb31.82 - Low May 28 
*SUP 2: Thb31.75 - Low May 14 
*SUP 3: Thb31.66 - 55-DMA 
*SUP 4: Thb31.58 - Low May 3
*COMMENTARY: Bulls gain confidence as pressure returns to the 200-DMA this week.
Bulls continue to look for a close above the 200-DMA to shift immediate focus to
Thb32.39-58 and overall focus to Thb32.92. Layers of support remain with bears
needing a close below Thb31.75 to confirm an easing of bullish pressure and to
sees focus return to Thb31.54-66 where 55 & 100-DMAs are situated.
     DOLLAR-IDR TECHS: Bulls Need Close Above Idr13965
*RES 4: Idr14110 - Alternating daily support/resistance 
*RES 3: Idr14080 - High May 28 now support 
*RES 2: Idr14005 - 21-DMA 
*RES 1: Idr13965 - Low May 30 now resistance
*PRICE: Idr13925 @ 2300GMT
*SUP 1: Idr13904 - 55-DMA 
*SUP 2: Idr13830 - Low June 6 
*SUP 3: Idr13800 - High Mar 1 now support 
*SUP 4: Idr13767 - 100-DMA
*COMMENTARY: Bulls take comfort in the close above the 55-DMA Friday easing
bearish pressure and a concern for bears when combined with correcting O/S daily
studies. Bulls now look for a close above Idr13965 to hint at a correction back
to Idr14080-14110 with above the 21-DMA to confirm. Bears now look for a close
back below the 55-DMA to retain focus on Idr13773-13800 where the 100-DMA is
located.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]