USD/PHP may fall to 57.443 - 57.755

Our pivot point is at 58.918.

Our preference

Eye 57.443.

Alternative scenario

The upside breakout of 58.918, would call for 59.444 and 59.757.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is below its 20 period moving average (58.594) but above its 50 period moving average (58.377).

Supports and resistances

59.757 **

59.444 *

58.918 **

58.712

58.395 last

57.755

57.443 **

57.130 *

56.818 **

Number of asterisks represents the strength of support and resistance levels.