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Php50.740-900 Support Key Today....>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Php50.740-900 Support Key Today
*RES 4: Php51.850 - 2017 High Oct 27 
*RES 3: Php51.610 - Low Oct 30 now resistance 
*RES 2: Php51.470 - High Nov 8 
*RES 1: Php51.230 - High Nov 15
*PRICE: Php50.960 @ 2300GMT
*SUP 1: Php50.900 - High Jan 22 now support 
*SUP 2: Php50.740 - Low Jan 22 
*SUP 3: Php50.579 - 55-DMA 
*SUP 4: Php50.522 - 200-DMA
*COMMENTARY: Hesitation around the 100-DMA (Php50.852) came to an end Wed with
an aggressive rally and bullish close that shifted focus to 2017 highs. O/B
daily studies and the Bollinger top (Php51.110) remain concerns for bulls and
now limit follow through. Initial support is noted at Php50.900 with bears
needing a close below to gain breathing room and below Php50.740 to initially
pressure 55 & 200-DMAs.

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