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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.