Free Trial

DOLLAR-INDEX TECHS: Bears Need Close Below.......>

US: DOLLAR-INDEX TECHS: Bears Need Close Below 91.320
*RES 4: 92.012 - 200-DMA 
*RES 3: 91.958 - Weekly Bear channel top off 2017 high 
*RES 2: 91.906 - Daily Bull channel top 
*RES 1: 91.751 - Low Jan 2 now resistance
*PRICE: 91.594 @ 2130GMT
*SUP 1: 91.426 - Hourly support Apr 26
*SUP 2: 91.320 - Hourly resistance Apr 26 now support
*SUP 3: 90.935 - Hourly support Apr 25
*SUP 4: 90.686 - 100-DMA
*COMMENTARY: The index remains bid with the close above 91.076 confirming
immediate focus on 91.751-92.012 where channel tops and the 200-DMA are located.
Bulls need a close above the 200-DMA to then target 92.625-997. Layers of
support are adding to bullish confidence. Bears now need a close below 91.320 to
ease gain breathing room and below 90.935 to shift focus initial focus back to
90.483-686 where the 100-DMA is noted.

To read the full story



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.