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Free AccessDOLLAR-INDEX TECHS: Bears Need Close Below.......>
US: DOLLAR-INDEX TECHS: Bears Need Close Below 93.251
*RES 4: 93.942 - Hourly support Oct 6 now resistance
*RES 3: 93.844 - High Oct 9
*RES 2: 93.729 - High Oct 17
*RES 1: 93.593 - Hourly support Oct 17 now resistance
*PRICE: 93.486 @ 0150GMT
*SUP 1: 93.369 - Hourly support Oct 17
*SUP 2: 93.251 - Hourly support Oct 16
*SUP 3: 93.076 - Low Oct 16
*SUP 4: 92.924 - Hourly support Oct 13
*COMMENTARY: The recovery from dips below the 21 (93.181) & 55 (92.929) DMAs
provided bulls comfort and sees focus back on the 94.229-476 region where the
100-DMA (94.229) is situated. Overall bulls need a close above 94.476 to shift
focus to 95.167-464. The lack of topside follow through Tuesday is less than
ideal for bulls. Bears now look for a close below 93.251 to shift focus back to
92.724 and below this level to initially target 91.526-781.
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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.