Free Trial

DOLLAR-INDEX TECHS: 92.261-518 Resistance Key....>

US
US: DOLLAR-INDEX TECHS: 92.261-518 Resistance Key
*RES 4: 92.956 - Low Dec 27 now resistance 
*RES 3: 92.788 - Hourly resistance Dec 28 
*RES 2: 92.518 - Hourly support Dec 29 now resistance 
*RES 1: 92.261 - High Jan 3
*PRICE: 91.964 @ 0320GMT
*SUP 1: 91.751 - Low Jan 2
*SUP 2: 91.526 - Low Oct 19 
*SUP 3: 91.011 - 2017 Low Sept 8 
*SUP 4: 90.325 - High Dec 30 2014 now support
*COMMENTARY: The 21-DMA capping recently resulted in a break of the bull channel
base (93.173) with the close below 92.496 confirming a return in focus to tests
of 2017 lows. O/S daily studies looking to correct are less than ideal for
bears. Bulls look for a close above 92.518 to ease immediate bearish pressure
and above the 55-DMA (93.601) to shift initial focus to 94.219 and overall focus
to 95.167-464.

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.