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Free Access$1.4280 Resistance Now Key *RES 4:......>
CABLE TECHS: $1.4280 Resistance Now Key
*RES 4: $1.4240 Low Apr 17 now resistance
*RES 3: $1.4245 High Apr 19
*RES 2: $1.4159 Hourly support Apr 19 now resistance
*RES 1: $1.4104 Alternating daily support/resistance
*PRICE: $1.4080 @ 0430GMT
*SUP 1: $1.4009 Daily bull channel base off Nov 13 low, 55-DMA
*SUP 2: $1.3963 Low Apr 5
*SUP 3: $1.3953 Bollinger band base
*SUP 4: $1.3873 Low Mar 13
*COMMENTARY: Losses continue for the pair after the lack of topside follow
through on 2018 & nearly 2yr highs earlier in the week. Focus has now shifted to
$1.3963-1.4009 where a bull channel base and 55-DMA are noted. Bears need a
close below $1.3963 to target $1.3710 Mar lows with below the 21-WMA ($1.3832)
to add weight to their case. Bulls now look for a close above $1.4159 to gain
breathing room and above $1.4280 to target 2018 highs.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.