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Health Ministers Release Joint Statement




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
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
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