Free Trial

Cnh6.3591-3870 Resistance Region...>

DOLLAR-CNH TECHS
DOLLAR-CNH TECHS: Cnh6.3591-3870 Resistance Region Key
*RES 4: Cnh6.4399 - 21-DMA 
*RES 3: Cnh6.4140 - Low Nov 25 2015, 2018 Low Jan 15 & 17 
*RES 2: Cnh6.3870 - Low Jan 19 now resistance 
*RES 1: Cnh6.3591 - High Jan 25
*PRICE: Cnh6.3357 @ 2300GMT
*SUP 1: Cnh6.2956 - 2018 Low Jan 25
*SUP 2: Cnh6.2607 - Low Feb 24 2015
*SUP 3: Cnh6.2293 - High Mar 13 2015 now support
*SUP 4: Cnh6.2130 - Low Aug 8
*COMMENTARY: Fresh 2018 & 2+ year lows have lacked follow through which is less
than ideal given daily studies at very O/S levels and overdue a correction.
Bears look for a close below Cnh6.2607 to confirm focus on Cnh6.2130-2293. The
Cnh6.3591 resistance remains key with bulls needing a close above to ease
bearish pressure. A close above Cnh6.3870 is needed to hint at a correction back
to Cnh6.4399-4657 where the 21-DMA is noted.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });