FX_IDC:USDPHP   U.S. Dollar / Philippine peso
USDPHP - 25Apr2022

On the weekly, USDPHP retested and faced bearish pressure at the recent highs around 52.56. However its Daily Stochastic is still at resistance.

On the H4, price rebounded near the 23.6% Fib retracement and 50MA at around 52.20. If price drop, we could expect it to found strong support around 200MA + 1st Support around 51.99. If price bounce higher, we will need to wait and see whether price can break above this level.

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