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Remains Capped Ahead Of 21 &.......>

DOLLAR-WON TECHS
DOLLAR-WON TECHS: Remains Capped Ahead Of 21 & 55-DMAs
*RES 4: Krw1087.6 - High Mar 1
*RES 3: Krw1084.0 - Daily Bear channel top off Sept high
*RES 2: Krw1082.5 - 100-DMA
*RES 1: Krw1071.6 - 21-DMA
*PRICE: Krw1064.2 @ 2300GMT
*SUP 1: Krw1059.5 - Low Mar 6
*SUP 2: Krw1054.7 - 2018 Low Jan 15
*SUP 3: Krw1045.6 - Monthly Low Oct 29 2014
*SUP 4: Krw1030.0 - Daily Bear channel base
*COMMENTARY: The 100-DMA reconfirmed significance as resistance having so far
capped the recovery from Feb lows. Topside hesitation has taken its toll with an
aggressive sell-off and bearish closes that sees immediate focus on 2018 lows
and overall focus on the bear channel base around Krw1030.0. Daily studies have
room to move before O/S becomes an issue. Bulls still need a close above the
21-DMA to ease bearish pressure and above Krw1087.6 to shift focus higher.

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