MNI Dollar-Asia Morning FX Technical Analysis

By Kyle Shortland

     BEIJING (MNI) - 

Please click on this link to access MNI's daily Dollar-Asia FX Technical

Analysis Pdf http://tinyurl.com/pzkomnu

DOLLAR-SING TECHS: Increased Risk Of Correction To Sgd1.3486-96

*RES 4: Sgd1.3720 - High July 17 2017 

*RES 3: Sgd1.3713 - Monthly High Oct 27 

*RES 2: Sgd1.3705 - 2018 High June 28 

*RES 1: Sgd1.3653 - Alternating daily support/resistance

*PRICE: Sgd1.3625 @ 2300GMT

*SUP 1: Sgd1.3587 - Low June 26 

*SUP 2: Sgd1.3531 - Low June 22 

*SUP 3: Sgd1.3496 - 21-DMA 

*SUP 4: Sgd1.3486 - Hourly resistance June 15 now support

*COMMENTARY: Despite fresh 2018 & 9mth highs the failure to gain traction above

the 100-WMA (Sgd1.3683) is a concern for bulls with the close below Sgd1.3653

hinting at a correction back to Sgd1.3486-96 where the 21-DMA is located. The

Sgd1.3720 resistance is key this week. Bulls need a close above to confirm

traction above the 100-WMA and shift focus to Sgd1.3914 June 2017 highs.

Correcting O/B studies are seen weighing.

     DOLLAR-WON TECHS: O/B Studies Correcting, 21-DMA Now Key

*RES 4: Krw1131.7 - High Oct 27

*RES 3: Krw1127.1 - 200-WMA

*RES 2: Krw1125.2 - 2018 High June 27

*RES 1: Krw1118.6 - Low June 28 now resistance

*PRICE: Krw1115.0 @ 2300GMT

*SUP 1: Krw1109.4 - Low June 25

*SUP 2: Krw1103.5 - Low June 20

*SUP 3: Krw1098.6 - 55-WMA

*SUP 4: Krw1096.7 - 21-DMA

*COMMENTARY: Despite fresh 2018 & 9mth highs the failure to close above the

200-WMA has left the pair looking offered and hints at a correction back to

Krw1096.7-1098.6 where the 21-DMA and 55-WMA are noted. Bears now need a close

below the 21-DMA to shift initial focus to Krw1077.1-1086.8 where 55, 100 &

200-DMAs are located. Bulls now need a close above Krw1118.6 to gain breathing

room and above the 200-WMA to target Krw1150.7 Sept 2017 monthly highs.

     DOLLAR-MYR TECHS: Myr3.9950-4.0147 Support Region Key

*RES 4: Myr4.0920 - High Nov 30 

*RES 3: Myr4.0812 - 55-WMA 

*RES 2: Myr4.0620 - Alternating daily support/resistance 

*RES 1: Myr4.0450 - 2018 High Jan 2

*PRICE: Myr4.0380 @ 2300GMT

*SUP 1: Myr4.0147 - 200-DMA 

*SUP 2: Myr3.9973 - 21-DMA 

*SUP 3: Myr3.9950 - Low June 25 

*SUP 4: Myr3.9620 - Low May 22

*COMMENTARY: The closes above the 200-DMA & 200-WMA (Myr4.0217) add support to

the bullish case with focus now on the Myr4.0450-0920 region where the 55-WMA is

located. O/B daily studies remain the key concern for bulls. In saying that,

bears now look for a close below Myr3.9950 to confirm a break of the 21-DMA,

easing bullish pressure, and below Myr3.9250 to shift focus back to 2018 lows.

     DOLLAR-CNH TECHS: Focus Currently On Cnh6.6538-6.6956

*RES 4: Cnh6.6733 - Weekly Bear channel top off 2017 High 

*RES 3: Cnh6.6651 - High Oct 27 

*RES 2: Cnh6.6631 - High Nov 13 

*RES 1: Cnh6.6536 - 100-WMA

*PRICE: Cnh6.6343 @ 0220GMT

*SUP 1: Cnh6.6092 - Low June 28

*SUP 2: Cnh6.5948 - High June 26 now support

*SUP 3: Cnh6.5567 - High June 25 now support

*SUP 4: Cnh6.5366 - Low June 26

*COMMENTARY: Gains last week resulted in repeated fresh 2018 & 7mth highs that

see focus on Cnh6.6538-6956 where the 100-WMA, Dec monthly highs & weekly bear

channel top are noted. Very O/B studies and the Bollinger top (Cnh6.6598) remain

concerns for bulls with potential to limit follow through. Bears now need a

close below Cnh6.5948 to gain breathing room and below Cnh6.5567 to shift focus

back to Cnh6.4922-5172.

     DOLLAR-PHP TECHS: Bears Need Close Below 21-DMA

*RES 4: Php54.575 - Daily Bull channel top 

*RES 3: Php54.325 - High Dec 2 2005 

*RES 2: Php53.990 - 2006 High June 16 

*RES 1: Php53.736 - 2018 High June 26

*PRICE: Php53.311 @ 2300GMT

*SUP 1: Php53.147 - High June 12 now support 

*SUP 2: Php53.096 - 21-DMA 

*SUP 3: Php52.945 - Low June 12 

*SUP 4: Php52.773 - High May 30 now support

*COMMENTARY: Follow through has been lacking on recent 2018 & 12+yr highs which

is less than ideal for bulls with daily studies lingering at O/B levels and the

Bollinger top (Php53.888) just above. Bears now look for a close below the

21-DMA to hint at a move back to Php52.267-519 with below Php52.773 to add

weight to the case. While the 21-DMA supports bulls maintain focus on tests of

the daily bull channel top around Php54.575 today.

     DOLLAR-THB TECHS: Below Thb32.93 To Ease Bullish Pressure

*RES 4: Thb33.61 - 100-WMA 

*RES 3: Thb33.54 - Monthly High Oct 3 

*RES 2: Thb33.35 - High Oct 27 

*RES 1: Thb33.23 - 2018 High June 29

*PRICE: Thb33.01 @ 2300GMT

*SUP 1: Thb32.93 - Low June 27 

*SUP 2: Thb32.79 - Low June 21 

*SUP 3: Thb32.58 - High Jan 2 now support 

*SUP 4: Thb32.49 - 55-WMA

*COMMENTARY: Fresh 2018 highs continue to add support to the case for a test of

the Thb33.35-60 region where monthly highs and the 100-WMA are situated. Very

O/B daily studies remain the key concern for bulls. Support layers building add

to bullish confidence with bears now needing a close below Thb32.93 to gain

breathing room and below Thb32.79 to shift focus back to layers of support

Thb32.08-23 where 55 & 200-DMAs are noted.

     DOLLAR-IDR TECHS: Topside Follow Through Lacking

*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: Idr14410 - 2018 High June 29

*PRICE: Idr14325 @ 2300GMT

*SUP 1: Idr14300 - Low June 29 

*SUP 2: Idr14190 - Low June 28 

*SUP 3: Idr14110 - Alternating daily support/resistance 

*SUP 4: Idr14053 - Low June 22

*COMMENTARY: Fresh 2018 & nearly 3 yr highs lacked follow through Friday which

is less than ideal given daily studies looking to correct from very O/B levels

and daily momentum divergence. Bears now need a close below Idr14300 to ease

bullish pressure and below Idr14190 to shift focus back to Idr13970-14002 where

21 & 55-DMAs are located. Bulls currently focus on Idr14480-620.

--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com

[TOPICS: MTABLE]