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Free AccessDOLLAR-INDEX TECHS: 92.049 Support Key Today.....>
US: DOLLAR-INDEX TECHS: 92.049 Support Key Today
*RES 4: 92.936 - Hourly resistance Aug 31
*RES 3: 92.711 - High Sept 4
*RES 2: 92.697 - High Sept 20
*RES 1: 92.270 - Hourly resistance Sept 21
*PRICE: 92.110 @ 0150GMT
*SUP 1: 92.049 - High Sept 19
*SUP 2: 91.883 - Hourly resistance Sept 19 now support
*SUP 3: 91.526 - Low Sept 20
*SUP 4: 91.410 - Low Sept 11
*COMMENTARY: Bulls failed to capitalise on Wednesday's rally with the index
remaining capped ahead of the 92.697 resistance. The index is again looking a
little heavy with bears now looking for a close below 92.049 to shift immediate
focus back to 91.526 and overall focus back to 2017 lows. Resistance layers are
starting to build and weigh with bulls continuing to look for a close above
92.936 to shift focus to 93.267-347 where the 55-DMA (93.267) is situated.
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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.