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Php51.420 Support Remains..........>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Php51.420 Support Remains Pivotal
*RES 4: Php52.085 - Monthly Low July 10 2006 now resistance 
*RES 3: Php51.850 - 2017 High Oct 27 
*RES 2: Php51.790 - 2018 High Feb 9 
*RES 1: Php51.788 - Bollinger band top
*PRICE: Php51.480 @ 2300GMT
*SUP 1: Php51.420 - Alternating daily support/resistance 
*SUP 2: Php51.050 - Low Feb 7 
*SUP 3: Php51.040 - 21-DMA 
*SUP 4: Php50.950 - High Jan 26 now support
*COMMENTARY: The pair found support on dips back towards the 21-DMA last week
with the recovery resulting in fresh 2018 highs although the lack of follow
through remains a concern. Initial support is now noted at Php51.420 with bears
needing a close below to ease bullish pressure and shift focus back to
Php50.881-51.050 where 21 & 100-DMAs are situated. Bulls now need a close above
Php51.850 to initially target Php52.085.

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