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55-DMA Now Capping *RES 4:.........>

DOLLAR-CNH TECHS
DOLLAR-CNH TECHS: 55-DMA Now Capping
*RES 4: Cnh6.3773 - High Feb 8 
*RES 3: Cnh6.3526 - High Mar 9 
*RES 2: Cnh6.3172 - 55-DMA 
*RES 1: Cnh6.3120 - High Apr 4
*PRICE: Cnh6.2842 @ 2300GMT
*SUP 1: Cnh6.2538 - Low Apr 2
*SUP 2: Cnh6.2450 - Bollinger band base
*SUP 3: Cnh6.2352 - 2018 Low Mar 27
*SUP 4: Cnh6.2293 - High Mar 13 2015 now support
*COMMENTARY: Bears have failed to capitalise on recent 2018 & 3yr lows with the
pair bouncing back towards the 55-DMA. Bulls now look for a close above the
55-DMA to shift focus back to Cnh6.3773-3870. While the 55-DMA caps bears remain
focused on Cnh6.1850-2130 last seen in 2015 with a close below 2018 lows needed
to add weight to their case.

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