USD/PHP To Have Negative Bias

USD/PHP to have negative bias as risk appetite supports PHP on positive global economic indicators, broad USD weakness. 'If the dollar weakens to 44.80, we''''ll probably see central bank intervention,' says local bank trader. Dow Jones technical analysis shows immediate support at 44.75 (Aug low), below at 44.50 (May 12 trough). Initial resistance at 45.55 (Aug 24 peak), above at 46.00 (Jul 29 peak).