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Php51.400-639 Support Remains......>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Php51.400-639 Support Remains Key
*RES 4: Php52.850 - Monthly High July 18 2006 
*RES 3: Php52.560 - Low July 18 2006 now resistance 
*RES 2: Php52.501 - 2018 High Feb 19 
*RES 1: Php52.380 - High Feb 20
*PRICE: Php51.999 @ 2300GMT
*SUP 1: Php51.639 - Low Feb 23 
*SUP 2: Php51.400 - Low Feb 9 
*SUP 3: Php51.195 - 55-DMA 
*SUP 4: Php51.030 - Low Feb 7
*COMMENTARY: Bulls take comfort in support emerging on dips with the
Php51.400-639 support region key. Bears 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 Php51.030-51.195 where the 55-DMA is located. Bulls
still need a close above 2018 highs to reconfirm a bullish bias and target
Php52.850 July 2006 monthly highs.

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