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Pressuring 55-DMA *RES 4:..........>

DOLLAR-WON TECHS
DOLLAR-WON TECHS: Pressuring 55-DMA
*RES 4: Krw1144.1 - High Aug 18
*RES 3: Krw1140.1 - Low Aug 18 now resistance
*RES 2: Krw1133.8 - High Sept 4
*RES 1: Krw1133.4 - 55-DMA
*PRICE: Krw1127.8 @ 2300GMT
*SUP 1: Krw1128.5 - Low Sept 4
*SUP 2: Krw1119.0 - Low Aug 28
*SUP 3: Krw1117.9 - Bollinger band base
*SUP 4: Krw1114.3 - High July 27 now support
*COMMENTARY: Daily studies correcting from O/S remain the key concern for bears
and have provided the impetus for a gapping move higher that sees the pair
flirting with the 55-DMA. Bulls now need a close above the 55-DMA to confirm a
shift in focus to Krw1140.1-1148.1 where the 200-DMA (Krw1145.8) is located.
Initial support is noted at Krw1128.5 with bears needing a close below to ease
pressure on the 55-DMA and initially target Krw1119.0.

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