Free Trial

Cnh6.6314-6904 Resistance Key......>

DOLLAR-CNH TECHS
DOLLAR-CNH TECHS: Cnh6.6314-6904 Resistance Key
*RES 4: Cnh6.6904 - High Oct 3 
*RES 3: Cnh6.6651 - High Oct 27 
*RES 2: Cnh6.6315 - 100-DMA 
*RES 1: Cnh6.6279 - High Nov 30
*PRICE: Cnh6.6223 @ 2300GMT
*SUP 1: Cnh6.5926 - Low Dec 1
*SUP 2: Cnh6.5674 - Low Nov 24
*SUP 3: Cnh6.5568 - Low Oct 11
*SUP 4: Cnh6.5409 - Low Sept 18
*COMMENTARY: Hesitation around 21 (Cnh6.6201) & 55 (Cnh6.6224) DMAs continues
and is a concern for bulls with the pair remaining capped ahead of the 100-DMA
so far this week. Bulls still need a close above the 100-DMA to add support to
the case for a move back to the 200-DMA (Cnh6.7401) with above Cnh6.6904 needed
to confirm. While the 100-DMA caps bears remain focused on Cnh6.5568-5674 with a
close below to target Cnh6.5033.

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' }); });