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Bears Need Close Below Cnh6.5923...>

DOLLAR-CNH TECHS
DOLLAR-CNH TECHS: Bears Need Close Below Cnh6.5923
*RES 4: Cnh6.6778 - 100-DMA 
*RES 3: Cnh6.6651 - High Oct 27 
*RES 2: Cnh6.6404 - High Nov 1 
*RES 1: Cnh6.6179 - 21-DMA
*PRICE: Cnh6.6079 @ 2300GMT
*SUP 1: Cnh6.6059 - 55-DMA
*SUP 2: Cnh6.5923 - High Oct 11 now support
*SUP 3: Cnh6.5601 - Bollinger band base
*SUP 4: Cnh6.5568 - Low Oct 11
*COMMENTARY: Daily studies correcting from modestly O/B have taken their toll
with the pair pressuring the 55-DMA and closing below the 21-DMA. Bears continue
to look for a close below Cnh6.5923 to confirm breaks of 21 & 55-DMAs, easing
bullish pressure, and below Cnh6.5568 to initially pressure Cnh6.5053. Bulls now
need a close above Cnh6.6404 to gain breathing room and return initial focus to
Cnh6.6651-6904.

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