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MNI Dollar-Asia Morning FX Technical Analysis 

27 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: Bulls Need Close Above 100-WMA
*RES 4: Sgd1.3681 - 100-WMA 
*RES 3: Sgd1.3659 - High Nov 6 
*RES 2: Sgd1.3653 - 2018 High June 25 
*RES 1: Sgd1.3641 - 200-WMA
*PRICE: Sgd1.3627 @ 2300GMT
*SUP 1: Sgd1.3587 - Low June 26 
*SUP 2: Sgd1.3531 - Low June 22 
*SUP 3: Sgd1.3486 - Hourly resistance June 15 now support 
*SUP 4: Sgd1.3456 - 21-DMA
*COMMENTARY: Bulls took comfort in fresh 2018 & 7mth highs Monday with immediate
focus on 100 & 200-WMAs. Topside follow through is still lacking which is less
than ideal with daily studies at O/B levels and looking to correct. Bears now
need a close below Sgd1.3587 to gain breathing room and below Sgd1.3531 to hint
at a move back to Sgd1.3394-1.3456 where the 21-DMA is noted with below
Sgd1.3486 to confirm.
     DOLLAR-WON TECHS: Bears Need Close Below Krw1112.5
*RES 4: Krw1131.7 - High Oct 27
*RES 3: Krw1126.6 - 200-WMA
*RES 2: Krw1121.8 - High Nov 13
*RES 1: Krw1117.9 - 100-WMA
*PRICE: Krw1117.7 @ 2300GMT
*SUP 1: Krw1112.5 - Low June 26
*SUP 2: Krw1103.5 - Low June 20
*SUP 3: Krw1098.9 - 55-WMA
*SUP 4: Krw1090.6 - 21-DMA
*COMMENTARY: The close above the 200-DMA ended sideways trading with the close
above the 55-WMA shifting focus to tests of 100 & 200-WMAs. Daily studies at O/B
levels is a concern for bulls with potential to limit follow through. In saying
that, bears now need a close below Krw1112.5 to gain breathing room and below
the 55-WMA to shit focus back to Krw1087.0-1090.6 where 21 & 200-DMAs are
located. Bulls now need a close above the 100-WMA to add support to their case.
     DOLLAR-MYR TECHS: Closes Above Key MAs
*RES 4: Myr4.0809 - 55-WMA 
*RES 3: Myr4.0620 - Alternating daily support/resistance 
*RES 2: Myr4.0450 - 2018 High Jan 2 
*RES 1: Myr4.0230 - High June 26
*PRICE: Myr4.0210 @ 2300GMT
*SUP 1: Myr4.0160 - Low June 26 
*SUP 2: Myr3.9950 - Low June 25 
*SUP 3: Myr3.9897 - 21-DMA 
*SUP 4: Myr3.9620 - Low May 22
*COMMENTARY: The close above the 200-DMA (Myr4.0171) & 200-WMA (Myr4.0216) add
support to the bullish case with focus now on the Myr4.0620-0920 region where
the 55-WMA is located. O/B daily studies remain the key concern for bulls. In
saying that, bears continue to look for a close below the 21-DMA to ease bullish
pressure and below Myr3.9250 to shift focus back to 2018 lows.
     DOLLAR-CNH TECHS: Very O/B Studies Key Concern
*RES 4: Cnh6.6631 - High Nov 13 
*RES 3: Cnh6.6534 - 100-WMA
*RES 2: Cnh6.6325 - Monthly High Dec 12 
*RES 1: Cnh6.5948 - 2018 High June 26
*PRICE: Cnh6.5776 @ 2300GMT
*SUP 1: Cnh6.5567 - High June 25 now support
*SUP 2: Cnh6.5366 - Low June 26
*SUP 3: Cnh6.5172 - High June 22 now support
*SUP 4: Cnh6.5156 - 55-WMA
*COMMENTARY: Gains to start the new week resulted in a close above the 55-WMA
and repeated fresh 2018 & 7mth highs that see focus on Cnh6.6325-6631 where the
100-WMA and Dec monthly highs are noted. Very O/B studies and the Bollinger top
(Cnh6.5698) remain concerns for bulls with potential to limit follow through.
Bears now need a close below Cnh6.5366 to gain breathing room and below
Cnh6.4922 to shift focus back to Cnh6.4322-4600.
     DOLLAR-PHP TECHS: Overall Focus On Bull Channel Top
*RES 4: Php54.509 - Daily Bull channel top 
*RES 3: Php54.325 - High Dec 2 2005 
*RES 2: Php53.990 - 2006 High June 16 
*RES 1: Php53.726 - 2018 High June 26
*PRICE: Php53.639 @ 2300GMT
*SUP 1: Php53.513 - High June 18 now support 
*SUP 2: Php53.147 - High June 12 now support 
*SUP 3: Php52.970 - 21-DMA 
*SUP 4: Php52.945 - Low June 12
*COMMENTARY: Fresh 2018 & 12+yr highs reconfirm the bullish bias and kickstart
bullish momentum with overall focus on tests of the daily bull channel top.
Daily studies lingering at O/B levels is less than ideal for bulls. In saying
that, bears now need a close below Php53.513 to gain breathing room and below
Php53.147 to hint at a move back to Php52.267-490 with below Php52.771 to
confirm.
     DOLLAR-THB TECHS: Below Thb32.79 To Ease Bullish Pressure
*RES 4: Thb33.60 - 100-WMA 
*RES 3: Thb33.35 - High Oct 27 
*RES 2: Thb33.20 - High Nov 3 
*RES 1: Thb33.04 - 2018 High June 26
*PRICE: Thb33.02 @ 2300GMT
*SUP 1: Thb32.79 - Low June 21 
*SUP 2: Thb32.58 - High Jan 2 now support 
*SUP 3: Thb32.50 - 55-WMA 
*SUP 4: Thb32.39 - Alternating daily support/resistance
*COMMENTARY: Pressure on the 200-DMA (Thb32.16) took its toll with an aggressive
break higher to fresh 2018 highs that continued Tuesday. The closes above the
55-WMA adds support to the case for a move now focused on Thb33.35-33.60. Daily
studies at O/B and the proximity of the Bollinger top are concerns for bulls
with potential to limit follow through. Bears now need a close below Thb32.79 to
ease bullish pressure.
     DOLLAR-IDR TECHS: Immediate Focus Returns To 2018 High
*RES 4: Idr14730 - 2015 High Sept 29 
*RES 3: Idr14620 - Low Oct 1 2015 now resistance 
*RES 2: Idr14480 - Low Oct 5 2015 now resistance 
*RES 1: Idr14210 - 2018 High May 23
*PRICE: Idr14173 @ 2300GMT
*SUP 1: Idr14110 - Alternating daily support/resistance 
*SUP 2: Idr14053 - Low June 22 
*SUP 3: Idr13970 - Low June 21 
*SUP 4: Idr13954 - 21-DMA
*COMMENTARY: Bulls continue to reassert dominance following the return from
hiatus with immediate focus back on 2018 highs. Bulls then look for a close
above 2018 highs to confirm focus on Idr14480-730 where 2015 highs are located.
The Bollinger band top (Idr14135) remains the key concern for bulls with
potential to limit follow through. Bears now need a close below Idr14053 to ease
bullish pressure and shift focus back to Idr13890-970.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
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