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Closes Above 21-DMA *RES 4:........>

DOLLAR-CNH TECHS
DOLLAR-CNH TECHS: Closes Above 21-DMA
*RES 4: Cnh6.6411 - Low Aug 25 
*RES 3: Cnh6.6276 - High Aug 29 
*RES 2: Cnh6.6131 - High Aug 30 
*RES 1: Cnh6.6015 - Daily Bear channel top
*PRICE: Cnh6.5828 @ 2300GMT
*SUP 1: Cnh6.5706 - 21-DMA 
*SUP 2: Cnh6.5409 - Low Sept 18 
*SUP 3: Cnh6.5219 - Low Sept 13 
*SUP 4: Cnh6.5053 - Low Sept 11
*COMMENTARY: The dip below the 200-WMA in past weeks resulted in fresh 2017 and
nearly 2year lows although the lack of follow through has resulted in a recovery
and close above the 21-DMA. Immediate focus now shifts to Cnh6.6015-6131 with
bulls needing a close above to confirm a break of the channel top and to target
the 55-DMA (Cnh6.6712). Bears now need a close below the 21-DMA to gain
breathing room and below Cnh6.5409 to shift focus back to 2017 lows.

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