Free Trial

DOLLAR-INDEX TECHS: 92.724-995 Support Key.......>

US
US: DOLLAR-INDEX TECHS: 92.724-995 Support Key
*RES 4: 94.476 - Low July 18 now resistance 
*RES 3: 94.145 - Monthly High Aug 16 
*RES 2: 93.762 - High Aug 18 
*RES 1: 93.666 - High Sept 28
*PRICE: 93.325 @ 0159GMT
*SUP 1: 93.083 - Hourly support Sept 29
*SUP 2: 92.995 - 55-DMA
*SUP 3: 92.898 - Hourly support Sept 26
*SUP 4: 92.724 - High Sept 25 now support
*COMMENTARY: Bulls took comfort in the close above the 55-DMA Wednesday but
hesitation ahead of the 93.762 resistance with daily studies at O/B levels is
less than ideal. Layers of support are accumulating with bears needing a close
below 92.898 to ease bullish pressure and below 97.724 to shift focus back to
91.526-781. Bulls look for a close above 93.762 to add support to the case for a
test of the 94.145-476 region where Aug highs are situated.

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.