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Free AccessDOLLAR-INDEX TECHS: 92.724 Support Confirms......>
US: DOLLAR-INDEX TECHS: 92.724 Support Confirms Significance
*RES 4: 93.623 - Hourly support Oct 9 now resistance
*RES 3: 93.472 - Hourly resistance Oct 10a
*RES 2: 93.369 - High Oct 11
*RES 1: 93.121 - Hourly resistance Oct 11
*PRICE: 93.070 @ 2030GMT
*SUP 1: 92.953 - Hourly resistance Oct 12 now support
*SUP 2: 92.797 - Low Oct 12
*SUP 3: 92.724 - High Sept 25 now support
*SUP 4: 92.586 - Daily Bull channel base
*COMMENTARY: The sell-off from ahead of the 100-DMA has now resulted in dips
below the 21 (92.916) 55 (92.904) DMAs only to find support ahead of the key
92.724 level. Below 92.724 remains needed to confirm breaks of DMAs and to shift
overall focus to 2017 lows. Layers of resistance are accumulating with bulls
needing a close above 93.369 to gain breathing room and above 94.476 to shift
focus to 95.167-464.
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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.