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Free AccessDOLLAR-INDEX TECHS: Bullish Key Day Reversal.....>
US: DOLLAR-INDEX TECHS: Bullish Key Day Reversal
*RES 4: 93.347 - High Aug 31
*RES 3: 92.936 - Hourly resistance Aug 31
*RES 2: 92.711 - High Sept 4
*RES 1: 92.697 - High Sept 20
*PRICE: 92.525 @ 0430GMT
*SUP 1: 92.385 - Hourly support Sept 20
*SUP 2: 92.210 - High Sept 18 now support
*SUP 3: 92.049 - High Sept 19
*SUP 4: 91.883 - Hourly resistance Sept 19 now support
*COMMENTARY: A bullish key day reversal and closes above the bear channel top
(92.210) and 21-DMA (92.301) puts a dent in bearish hopes with bulls now looking
for a close above 92.936 to shift focus to 93.346-347 where the 55-DMA (93.346)
is situated. Daily studies and the Bollinger top (93.217) are well placed for
further gains. Bears now look for a close below 92.210 to ease bullish pressure
and below 92.049 to initially pressure 91.526.
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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.