Support/Resistance: 60.00 (Last line of defense)
Target: 72.00 - 80.00 (Upper resistance)
Timeframe: 2025-2030
Technical Outlook:
USDPHP is currently positioned at a critical juncture, with the 60.00 level serving as the final resistance before a significant breakout. The pair has been consolidating in a tight range, building momentum for the next major move.
Breakout Scenario:
Once USDPHP decisively breaks above the 60.00 resistance level, we anticipate a rapid acceleration toward the 72.00-80.00 resistance target. This represents a potential 20% move from current levels.
What to Watch:
Volume confirmation on breakout
Momentum indicators (RSI, MACD)
Key resistance levels at 65.00, 68.00, 72.00 and 80.00
Philippine Peso fundamentals and USD strength
Target: 72.00 - 80.00 (Upper resistance)
Timeframe: 2025-2030
Technical Outlook:
USDPHP is currently positioned at a critical juncture, with the 60.00 level serving as the final resistance before a significant breakout. The pair has been consolidating in a tight range, building momentum for the next major move.
Breakout Scenario:
Once USDPHP decisively breaks above the 60.00 resistance level, we anticipate a rapid acceleration toward the 72.00-80.00 resistance target. This represents a potential 20% move from current levels.
What to Watch:
Volume confirmation on breakout
Momentum indicators (RSI, MACD)
Key resistance levels at 65.00, 68.00, 72.00 and 80.00
Philippine Peso fundamentals and USD strength
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.