Bears Need Close Below Cnh6.5923...>

DOLLAR-CNH TECHS: Bears Need Close Below Cnh6.5923

*RES 4: Cnh6.6904 - High Oct 3 

*RES 3: Cnh6.6819 - Bollinger band top 

*RES 2: Cnh6.6795 - 100-DMA 

*RES 1: Cnh6.6651 - High Oct 27

*PRICE: Cnh6.6316 @ 2300GMT

*SUP 1: Cnh6.6207 - 21-DMA

*SUP 2: Cnh6.6074 - 55-DMA

*SUP 3: Cnh6.5923 - High Oct 11 now support

*SUP 4: Cnh6.5568 - Low Oct 11

*COMMENTARY: Daily studies correcting from modestly O/B is a concern for bulls

especially given hesitation ahead of the 100-DMA. Layers of support remain but

bears need a close below Cnh6.5923 to confirm breaks of 21 & 55-DMAs, easing

renewed bullish pressure, and below Cnh6.5568 to initially pressure Cnh6.5053.

The Cnh6.6904 resistance remains key with bulls needing a close above to

reconfirm a bullish bias and target the 200-DMA (Cnh6.7707).