Free Trial

DOLLAR-INDEX TECHS: 92.496 & 94.219 Levels Key...>

US
US: DOLLAR-INDEX TECHS: 92.496 & 94.219 Levels Key
*RES 4: 95.167 - High July 20 
*RES 3: 94.650 - High Nov 10 
*RES 2: 94.219 - High Dec 12 
*RES 1: 94.107 - High Dec 13
*PRICE: 93.908 @ 0320GMT
*SUP 1: 93.610 - Hourly resistance Dec 14 now support
*SUP 2: 93.282 - Low Dec 14
*SUP 3: 93.171 - Low Dec 6
*SUP 4: 93.035 - Low Dec 5
*COMMENTARY: Bulls take comfort in pressure on the 100-DMA (93.344) last week
failing to produce a close below needed to pressure the 92.496-604 support
region. Bears continue to look for a close below 92.496 to confirm focus on
tests of 2017 lows. The bounce Friday provided bulls breathing room with a close
above 94.219 still needed to reconfirm a bullish bias targeting 95.167-654 where
the 200-DMA (94.617) is noted.

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.