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Bulls Need Close Above Cnh6.3870...>

DOLLAR-CNH TECHS
DOLLAR-CNH TECHS: Bulls Need Close Above Cnh6.3870
*RES 4: Cnh6.4475 - High Jan 16 
*RES 3: Cnh6.4140 - Alternating daily support/resistance 
*RES 2: Cnh6.3870 - Low Jan 19 now resistance 
*RES 1: Cnh6.3787 - High May 3
*PRICE: Cnh6.3478 @ 2300GMT
*SUP 1: Cnh6.3268 - High Apr 30 now support
*SUP 2: Cnh6.3076 - 55-DMA
*SUP 3: Cnh6.3031 - 21-DMA
*SUP 4: Cnh6.2913 - Low Apr 24
*COMMENTARY: Bulls have failed to capitalise on the close above the 100-DMA
(Cnh6.3611) with the pair rejected ahead of the key Cnh6.3870 resistance. Bulls
continue to look for a close above this level to shift focus to Cnh6.4475-4962
where the 200-WMA & 200-DMA are located. Bears now need a close below Cnh6.2913
to confirm breaks of 21 & 55-DMAs and to shift initial focus back to 2018 lows.

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