(Bloomberg) -- The MSCI Asia Pacific Index, a gauge of almost 1,000 stocks traded in the region, may rise to as high as 137 should it breach a key resistance level this week, according to technical analysis by Kim Eng Holdings Ltd. The index has rallied 72 percent from its March low through to yesterday’s close of 121.20, near the 50 percent Fibonacci level of 121.63. If the gauge breaks through that mark, the next resistance will be at 136.99, a level last seen on July 24, 2008, before a 48 percent slump, said Ken Tai, a Singapore-based analyst at Kim Eng.
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