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Free AccessDOLLAR-INDEX TECHS: Bulls Need Close Above.......>
US: DOLLAR-INDEX TECHS: Bulls Need Close Above 90.113
*RES 4: 90.704 - High Jan 22
*RES 3: 90.294 - Hourly resistance Jan 23
*RES 2: 90.113 - Hourly resistance Jan 24
*RES 1: 89.581 - Hourly support Jan 24 now resistance
*PRICE: 89.126 @ 0530GMT
*SUP 1: 88.723 - Low Jan 26
*SUP 2: 88.438 - 2018 Low Jan 25
*SUP 3: 88.125 - Monthly Low Dec 16 2014
*SUP 4: 87.576 - Weekly Bear channel base
*COMMENTARY: Remaining capped ahead of 91.011 took its toll and resulted in a
break of 90.113 adding weight to the case for a move targeting 88.125 Dec 2014
monthly lows with O/S daily studies remaining their key concern. Layers of
resistance are accumulating and weighing. Bulls need a close above 90.113 to
gain breathing room and above 91.011 to confirm a break of the 21-DMA and shift
focus to 92.519-941 where 55 & 100-DMAs are noted.
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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.