7647166 7/13/2017 6:22 PM, USD/PHP intraday: rebound


50.413 is our pivot point.


Our preference

: rebound.


Alternative scenario

: below 50.413, expect 50.291 and 50.218.


Comment

: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the pair stands above its 20 MA (50.518) but below its 50 MA (50.640).


Supports and resistances

:

50.926 **

50.853 *

50.781 **

50.708

50.540 last

50.461

50.413 **

50.291 *

50.218 **