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Free AccessCnh6.6346 Resistance Key Today.....>
DOLLAR-CNH TECHS: Cnh6.6346 Resistance Key Today
*RES 4: Cnh6.6909 - 100-DMA
*RES 3: Cnh6.6904 - High Oct 3
*RES 2: Cnh6.6639 - High Oct 9
*RES 1: Cnh6.6346 - Low Sept 28 now resistance
*PRICE: Cnh6.6189 @ 2300GMT
*SUP 1: Cnh6.5923 - High Oct 11 now support
*SUP 2: Cnh6.5568 - Low Oct 11
*SUP 3: Cnh6.5409 - Low Sept 18
*SUP 4: Cnh6.5219 - Low Sept 13
*COMMENTARY: The pair is currently flirting with 21 & 55-DMAs (Cnh6.6164) with
bulls now needing a close above Cnh6.6346 to confirm a break of the DMAs and to
shift focus back to Cnh6.6639-6.6609 where the 100-DMA is located. Initial
support is now noted at Cnh6.5923 with bears needing a close below to ease
renewed bullish pressure and return immediate focus to the Cnh6.5568 support.
Below this level initially targets Cnh6.6053.
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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.