Trial now

BoJ Makes Rinban Purchase Offers


AOFM Weekly Issuance Slate


Slow Start To Friday Trade

DOLLAR-PHP TECHS: Php51.400-639 Support Key
*RES 4: Php52.560 - Low July 18 2006 now resistance 
*RES 3: Php52.501 - 2018 High Feb 19 
*RES 2: Php52.380 - High Feb 20 
*RES 1: Php52.176 - High Feb 22
*PRICE: Php51.950 @ 2300GMT
*SUP 1: Php51.639 - Low Feb 23 
*SUP 2: Php51.400 - Low Feb 9 
*SUP 3: Php51.030 - Low Feb 7 
*SUP 4: Php50.992 - 55-DMA
*COMMENTARY: Failure to trouble 2018 highs on the recovery from Php61.639 leaves
the pair looking a little heavy. In saying that, bears still need a close below
Php61.639 to confirm an easing of bullish pressure and below Php51.400 to
confirm a shift in immediate focus back to Php50.607-51.030 where key DMAs are
clustered. Bulls now need a close above 2018 highs to reconfirm a bullish bias
and target Php52.850 July 2006 monthly highs.