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Free AccessPressuring Key Support Region......>
DOLLAR-WON TECHS: Pressuring Key Support Region
*RES 4: Krw1150.0 - High Sept 28
*RES 3: Krw1143.0 - High Oct 10
*RES 2: Krw1141.7 - 200-DMA
*RES 1: Krw1137.7 - High Oct
*PRICE: Krw1133.2 @ 2200GMT
*SUP 1: Krw1131.0 - 100-DMA
*SUP 2: Krw1130.1 - 55-DMA
*SUP 3: Krw1129.9 - Rising daily TL
*SUP 4: Krw1125.1 - Low Sept 8
*COMMENTARY: Bears took comfort in the aggressive sell-off and bearish close
Tuesday that sees pressure back on Krw1129.9-1131.0 where key DMAs and the
rising daily TL off July lows are situated. Bears look for a close below
Krw1125.1 to confirm breaks and shift overall focus to tests of 2017 lows. Bulls
now need a close above Krw1137.7 to ease bearish pressure and above Krw1150.0 to
confirm a bullish bias and above Krw1157.8 to target 2017 highs.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.