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Bulls Need Close Above Cnh6.3870...>

DOLLAR-CNH TECHS
DOLLAR-CNH TECHS: Bulls Need Close Above Cnh6.3870
*RES 4: Cnh6.4851 - 200-DMA 
*RES 3: Cnh6.4475 - High Jan 16 
*RES 2: Cnh6.4140 - Alternating daily support/resistance 
*RES 1: Cnh6.3870 - Low Jan 19 now resistance
*PRICE: Cnh6.3641 @ 2300GMT
*SUP 1: Cnh6.3523 - 100-DMA
*SUP 2: Cnh6.3402 - Low May 3
*SUP 3: Cnh6.3268 - High Apr 30 now support
*SUP 4: Cnh6.3102 - 55-DMA
*COMMENTARY: Bulls have failed to capitalise on the closes above the 100-DMA
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 Cnh6.4475-4969 where the
200-WMA & 200-DMA are located. Bears now need a close below Cnh6.3402 to gain
breathing room and below Cnh6.2913 to confirm breaks of 21 & 55-DMAs and to
shift initial focus back to 2018 lows.

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