DOLLAR-INDEX TECHS: 89.407 Support Remains Key...>

US: DOLLAR-INDEX TECHS: 89.407 Support Remains Key

*RES 4: 90.445 - High Mar 20 

*RES 3: 90.260 - Hourly resistance Mar 21 

*RES 2: 90.011 - Hourly support Mar 21 now resistance 

*RES 1: 89.846 - Low Mar 20 now resistance

*PRICE: 89.546 @ 0530GMT

*SUP 1: 89.407 - Low Mar 7

*SUP 2: 89.394 - Bollinger band base

*SUP 3: 88.960 - Low Feb 19

*SUP 4: 88.650 - Hourly support Feb 16

*COMMENTARY: The marginal break of 90.420 lacked follow through with the

Bollinger band top the key concern for bulls. The aggressive sell-off and

bearish close Wednesday sees pressure back on 89.407. Bears need a close below

89.407 to confirm traction below the 21-DMA (89.972), ending bullish hopes and

shifting focus back to 88.253 2018 lows. Bulls now need a close above 90.011 to

ease bearish pressure.