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Bears Need Close Below Cnh6.7326...>

DOLLAR-CNH TECHS
DOLLAR-CNH TECHS: Bears Need Close Below Cnh6.7326
*RES 4: Cnh6.8443 - 2018 High July 24 
*RES 3: Cnh6.8229- Bollinger band top
*RES 2: Cnh6.8209 - High July 25 
*RES 1: Cnh6.7901 - Low July 24 now resistance
*PRICE: Cnh6.7655 @ 0245GMT
*SUP 1: Cnh6.7374 - Hourly support July 26
*SUP 2: Cnh6.7326 - High July 3 now support
*SUP 3: Cnh6.7062 - 21-DMA
*SUP 4: Cnh6.6823 - Low July 16
*COMMENTARY: The lack of follow through on recent 2018 & 13mth highs resulted in
a sharp sell-off with focus on Cnh6.7326. Bears need a close below to confirm a
break of the rising TL off June 14 lows and initially pressure the 21-DMA. Bears
then look for a close below Cnh6.6673 to shift focus to Cnh6.5948-95 which
provided the base for the rally to 2018 highs. Bulls need a close above
Cnh6.7901 to gain breathing room and retain initial focus on Cnh6.8209-8443.

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