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USD/CNH Runs Into Resistance Near 7.00


(H3) Retracement Mode


Flat To A Touch Cheaper


NZGBS: Light Bid In Catch Up To Tsys

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Bulls Need Close Above 21-DMA.....>

EURO-DOLLAR TECHS: Bulls Need Close Above 21-DMA
*RES 4: $1.1961 High Nov 27
*RES 3: $1.1940 High Dec 1
*RES 2: $1.1884 Alternating hourly support/resistance
*RES 1: $1.1848 High Dec 6
*PRICE: $1.1820 @ 2030GMT
*SUP 1: $1.1779 Hourly breakout level Dec 13 
*SUP 2: $1.1729 Low Dec 13 
*SUP 3: $1.1713 Low Nov 21 
*SUP 4: $1.1690 High Nov 3 now support
*COMMENTARY: The failure by bears to manage a break of the key $1.1690 support
sees the pair correcting higher with bulls now looking for a close above the
21-DMA ($1.1814) to add support to the case for a move back to $1.1940-61 and
above $1.1884 to confirm. Daily studies are well placed for further topside.
Bears now need a close below $1.1779 to ease immediate bullish pressure.

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