FX_IDC:USDPHP   U.S. Dollar / Philippine peso
USDPHP - 06Apr2022

On the weekly, USDPHP dropped to 20EMA support. We could expect a short-term bounce. On the daily, price confirmed below the 20 & 50MAs. If the price rebound to resistance at 51.69, we could expect it to face bearish pressure.

On the H4, price dropped to near 1st Support at 51.07. With RSI at support, we could expect price to bounce back to 1st Resistance at 51.45. If it continues to bounce, it would face bearish pressure from daily resistance at 51.69.

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