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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Cnh6.6656 The Next Resistance To...>
DOLLAR-CNH TECHS: Cnh6.6656 The Next Resistance To Surmount
*RES 4: Cnh6.6985 1% volatility band
*RES 3: Cnh6.6905 Oct 3 high
*RES 2: Cnh6.6689 Oct 4 high
*RES 1: Cnh6.6656 Oct 27 high
*PRICE: Cnh6.6560 @2300GMT
*SUP 1: Cnh6.6265 Nov 9 low
*SUP 2: Cnh6.6177 Nov 7 low
*SUP 3: Cnh6.6061 Nov 3 low
*SUP 4: Cnh6.5861 Nov 2 low
*COMMENTARY* Continues to rise following the base found at Cnh6.5861 at the
beginning of the month. Now approaching the Oct 27 high at Cnh6.6656. Back above
here would be further encouragment, the Oct 4 high at Cnh6.6689 then the next
barrier to surmount, ahead of key resistance from the Oct 3 high at Cnh6.6905.
Meanwhile, support comes from the Nov 9 low at Cnh6.6265 and this protects
against anything more untoward at present.
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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.