21-DMA Supporting *RES 4:..........>

DOLLAR-CNH TECHS: 21-DMA Supporting

*RES 4: Cnh6.4475 - High Jan 16 

*RES 3: Cnh6.4140 - Alternating daily support/resistance 

*RES 2: Cnh6.3870 - Low Jan 19 now resistance 

*RES 1: Cnh6.3454 - 100-DMA

*PRICE: Cnh6.3369 @ 2300GMT

*SUP 1: Cnh6.3245 - 21-DMA

*SUP 2: Cnh6.3106 - 55-DMA

*SUP 3: Cnh6.2913 - Low Apr 24

*SUP 4: Cnh6.2538 - Low Apr 2

*COMMENTARY: Bulls have failed to capitalise on the closes above the 100-DMA

with the pair rejected ahead of the key Cnh6.3870 resistance last week. The

close below the 100-DMA left the pair looking heavy and pressuring 21 & 55-DMAs.

Bears now look for a close below Cnh6.2913 to confirm breaks of 21 & 55-DMAs and

to shift initial focus back to 2018 lows. Bulls now need a close above the

100-DMA to gain breathing room.