Free Trial

DOLLAR-INDEX TECHS: Below 89.407 To Target.......>

US
US: DOLLAR-INDEX TECHS: Below 89.407 To Target 2018 Lows
*RES 4: 90.420 - Hourly resistance Mar 1 
*RES 3: 90.256 - 55-DMA 
*RES 2: 90.187 - High Mar 12 
*RES 1: 89.891 - High Mar 14
*PRICE: 89.661 @ 0530GMT
*SUP 1: 89.407 - Low Mar 7
*SUP 2: 88.960 - Low Feb 19
*SUP 3: 88.904 - Bollinger band base
*SUP 4: 88.650 - Hourly support Feb 16
*COMMENTARY: Hesitation ahead of the 55-DMA took its toll with bulls now needing
a close above 90.420 to confirm a break and shift initial focus to 91.011. A
close above 91.011 is needed to target 91.751-862 where the 100-DMA is noted.
The 89.407 support remains key with bears needing a close below to confirm
traction below the 21-DMA (89.797), ending bullish hopes and shifting focus back
to 88.253 2018 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.