Forex News Dow Jones technical analysis shows USD/PHP has negative bias on daily charts: 5-day moving average poised to stage bearish crossover against 15-day counterpart; MACD bearish, stochastics falling from overbought. Pair may target 44.049 (55-day moving average), then 43.73 (38.2% Fibonacci correction of 40.25-45.88 Feb. 28-July 8 rise). USD/PHP last closed at 45.02. See Charting Asia column.
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