Free Trial

DOLLAR-INDEX TECHS: 89.442 Support Key Today.....>

US: DOLLAR-INDEX TECHS: 89.442 Support Key Today
*RES 4: 91.004 - High Jan 18 
*RES 3: 90.567 - High Feb 8 
*RES 2: 90.235 - High Feb 22 
*RES 1: 89.944 - Hourly resistance Feb 22
*PRICE: 89.826 @ 0320GMT
*SUP 1: 89.442 - High Feb 19 now support
*SUP 2: 88.960 - Low Feb 19
*SUP 3: 88.650 - Hourly support Feb 16
*SUP 4: 88.462 - Hourly resistance Feb 16 now support
*COMMENTARY: The close above the 55-DMA (89.519) eased bearish pressure with
above 91.751 needed to shift initial focus to 92.640 and overall focus to
94.219-95.149. The lack of follow through is less than ideal with bears needing
a close below 89.442 to signal a false break of the 55-DMA, return initial focus
to 2018 lows and overall focus to 86.515-879 where the weekly bear channel base,
Nov 2014 monthly low LT rising weekly TL are situated.

To read the full story

Why Subscribe to


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.