Free Trial

DOLLAR-INDEX TECHS: 93.061 Support Key Today.....>

US
US: DOLLAR-INDEX TECHS: 93.061 Support Key Today
*RES 4: 94.207 - 21-DMA 
*RES 3: 94.103 - High July 27 
*RES 2: 93.774 - High Aug 4 
*RES 1: 93.515 - Hourly resistance Aug 4
*PRICE: 93.390 @ 0430GMT
*SUP 1: 93.061 - Hourly support Aug 4a
*SUP 2: 92.679 - Low Aug 3
*SUP 3: 92.548 - 2017 Low Aug 2
*SUP 4: 92.398 - 200-WMA
*COMMENTARY: O/S daily studies appear to be impacting with hesitation ahead of
the recent 2017 lows & 200-WMA (92.398) less than ideal for bears. Immediate
bearish pressure has been eased with bulls now needing a close above 94.465 to
confirm a break of the 21-DMA and shift immediate focus to 95.167-865 where the
55-DMA is noted. Support layers are accumulating with bears looking for a close
below 93.061 to shift pressure back to 2017 lows.

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.