Stronger Philippine Peso is expected over days ahead

5 May 2018

Looks like the Philipppine Peso will be stronger on the coming days over the US Dollar. Technically USDPHP is toppish. USDPHP already reached the upper trenline of the Uptrend Channel and also making a higher low. There is already a divergence between the price and Relative Strenght Index.

Support levels are at 51.46, 51.12 and 50.78. Resistance is seen at 52.