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DOLLAR-PHP TECHS: Php50.480-750 Resistance Region Now Key
*RES 4: Php51.124 - 55-DMA
*RES 3: Php51.030 - High Nov 20
*RES 2: Php50.750 - High Nov 24
*RES 1: Php50.480 - 200-DMA
*PRICE: Php50.270 @ 2300GMT
*SUP 1: Php50.140 - Monthly Low Aug 4
*SUP 2: Php50.104 - Daily bear channel base
*SUP 3: Php49.970 - Low June 20
*SUP 4: Php49.770 - Low June 16
*COMMENTARY: Pressure on the 200-DMA took its toll with the first close below
since Sept 2016 adding weight to the bearish case. Immediate bearish focus
shifts to Php50.104-140. O/S daily studies and Bollinger base (Php50.263) remain
key concerns for bears. The 200-DMA is initial resistance with bulls needing a
close above to ease immediate bearish pressure and above Php50.750 shift focus
to Php50.972-230 where key DMAs are located.