By Stanley White Nov. 10 (Bloomberg) -- The dollar may rise to 100.55 yen this week, said Kengo Suzuki, currency strategist at Shinko Securities Co. in Tokyo, citing technical charts. Resistance at 100.55 yen is the dollar's high on Nov. 4. The U.S. currency is poised to gain after breaking above its 20- day moving average, he said. The currency may also advance as its daily stochastic and moving average convergence/divergence charts are showing buy signals, Suzuki said. Should the dollar climb above 100.55 yen, it may then move to its Oct. 14 high of 103.07, he said. ``We can see the dollar slowly breaking above the 20-day moving average after remaining below that level for the past few months,'' Shinko's Suzuki said. ``The buy signals on stochastics and MACD are encouraging. This move may have further to run.'' The dollar rose to 98.97 yen at 1:50 p.m. in Tokyo from 98.24 yen late in New York on Nov. 7. The dollar has advanced 9 percent since reaching a 13-year low of 90.93 yen on Oct. 24. Resistance is a level where sell orders may be clustered. A stochastic graph measures the price of a security compared with its highs and lows. MACD charts can indicate whether a price shift is a change in trend or a short-term deviation by comparing moving averages based on 9-, 12- and 26-day periods. In technical analysis investors and analysts study charts of trading patterns and prices to forecast price changes in a security, commodity, currency or index. To contact the reporter on this story: Stanley White in Tokyo at swhite28@bloomberg.net

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