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Bullish Price Structure Intact


German Mar Factory Orders Beat Expectations

DOLLAR-CNH TECHS: Cnh6.3889 support Key Today
*RES 4: Cnh6.4657 - Low Jan 8 now resistance 
*RES 3: Cnh6.4601 - 200-DMA 
*RES 2: Cnh6.4475 - High Jan 16 
*RES 1: Cnh6.4322 - High May 30
*PRICE: Cnh6.4102 @ 2300GMT
*SUP 1: Cnh6.3889 - High May 25 now support
*SUP 2: Cnh6.3690 - 21-DMA
*SUP 3: Cnh6.3642 - High May 22 now support
*SUP 4: Cnh6.3335 - 21-WMA
*COMMENTARY: The rally from dips back to the 21-DMA is now hesitating ahead of
the 200-DMA with daily studies looking to correct from modestly O/B levels less
than ideal for bulls. Bears look for a close below Cnh6.3642 to confirm a break
of the 21-DMA and to shift initial focus back to 6.3223-3331 where 55 & 100-DMAs
and the 21-WMA are located. Bulls now need a close above Cnh6.4322 to reconfirm
focus on 200-DMA and WMAs.