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Bollinger Top Limiting Follow......>

DOLLAR-CNH TECHS
DOLLAR-CNH TECHS: Bollinger Top Limiting Follow Through
*RES 4: Cnh6.4475 - High Jan 16 
*RES 3: Cnh6.4140 - Alternating daily support/resistance 
*RES 2: Cnh6.3896 - High May 24 
*RES 1: Cnh6.3874 - Bollinger band top
*PRICE: Cnh6.3748 @ 2300GMT
*SUP 1: Cnh6.3517 - 21-DMA
*SUP 2: Cnh6.3339 - 100-DMA
*SUP 3: Cnh6.3159 - 55-DMA
*SUP 4: Cnh6.2913 - Low Apr 24
*COMMENTARY: Bulls take comfort in the 21-DMA supporting and pressure returning
to the Cnh6.6875 resistance. The break of this level has lacked follow through
courtesy of the Bollinger band top. Bulls now need a close above Cnh6.3896 to
focus on Cnh6.4475-5017 where 200-DMA (Cnh6.4664) & 200-WMA (Cnh6.4985) are
situated. Bears continue to look for a close below the 55-DMA to ease bullish
pressure and below Cnh6.2913 to shift initial focus back to 2018 lows.

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