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(M2) Correction Extends


Late Session Rebound


(M2) Corrective Cycle Remains In Play


(M2) Gains Still Considered Corrective

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Bears Need Close Below Cnh6.6346...>

DOLLAR-CNH TECHS: Bears Need Close Below Cnh6.6346
*RES 4: Cnh6.7154 - Low Aug 1 now resistance 
*RES 3: Cnh6.6962 - 100-WMA 
*RES 2: Cnh6.6904 - High Oct 3 
*RES 1: Cnh6.6861 - Bollinger band to
*PRICE: Cnh6.6680 @ 2300GMT
*SUP 1: Cnh6.6461 - 55-DMA
*SUP 2: Cnh6.6346 - Low Sept 29
*SUP 3: Cnh6.6227 - Low Sept 27
*SUP 4: Cnh6.6053 - Low Sept 26
*COMMENTARY: Bulls take comfort in consolidation above the 55-DMA although
topside hesitation combined with daily studies overdue a correction is less than
ideal. In saying that, bulls are currently focused on the Cnh6.7154-7377 region
where the 100-DMA (Cnh6.7188) is located. Bears continue to look for a close
below Cnh6.6346 to confirm a break of the 55-DMA and below Cnh6.6053 to shift
focus back to Cnh6.5800-60 where the 21-DMA is located.

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