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Pressure Returns To Key Supports...>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Pressure Returns To Key Supports
*RES 4: Php51.432 - Bollinger band top 
*RES 3: Php51.390 - Low Aug 18 now resistance 
*RES 2: Php51.295 - High Sept 15 
*RES 1: Php51.040 - Alternating daily support/resistance
*PRICE: Php50.915 @ 2300GMT
*SUP 1: Php50.830 - Low Sept 11 
*SUP 2: Php50.813 - 55-DMA 
*SUP 3: Php50.746 - Daily Bull channel base 
*SUP 4: Php50.675 - Low Sept 8
*COMMENTARY: The recovery from the dip below the 55-DMA has stalled ahead of the
Php51.390 resistance. Bulls continue to look for a close above this level to
return initial focus to tests of 2017 highs. The close below Php51.040 eased
bullish pressure and sees immediate focus back to Php50.675-830 where the 55-DMA
and bull channel base are located. Bears look for a close below Php50.675 to
shift focus to the 100-DMA (Php50.372).

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