Free Trial

Cnh6.6831 Support Key Today *RES...>

DOLLAR-CNH TECHS
DOLLAR-CNH TECHS: Cnh6.6831 Support Key Today
*RES 4: Cnh6.7377 - High July 31 
*RES 3: Cnh6.7196 - 21-DMA 
*RES 2: Cnh6.7154 - Low Aug 1 now resistance 
*RES 1: Cnh6.7028 - Daily Bear channel top
*PRICE: Cnh6.6869 @ 2300GMT
*SUP 1: Cnh6.6831 - Low Aug 15 
*SUP 2: Cnh6.6685 - Low Aug 14 
*SUP 3: Cnh6.6567 - 2017 Low Aug 11 
*SUP 4: Cnh6.6413 - Monthly Low Sept 16
*COMMENTARY: Bears have so far failed to capitalise on the weekly close
marginally below the 100-WMA (Cnh6.6803) with daily studies correcting from O/S
and the Bollinger base (Cnh6.6633) limiting follow through key concerns for
bears. Bulls take comfort in support layers emerging with bears needing a close
below Cnh6.6831 to reconfirm initial focus on 2017 lows. Bulls now look for a
close above the 21-DMA to add support to their case.

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' }); });