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Free AccessDOLLAR-INDEX TECHS: Bulls Need Close Above.......>
US: DOLLAR-INDEX TECHS: Bulls Need Close Above 93.933
*RES 4: 95.025 - 2018 High May 29
*RES 3: 94.695 - Hourly resistance May 30
*RES 2: 94.450 - High June 1
*RES 1: 93.933 - Hourly resistance June 5
*PRICE: 93.731 @ 0430GMT
*SUP 1: 93.213 - Low June 7
*SUP 2: 92.841 - Alternating daily support/resistance
*SUP 3: 92.223 - Low May 14
*SUP 4: 92.021 - 200-DMA
*COMMENTARY: The closes below the 21-DMA adds weight to the bearish case for a
move back to 92.021-223 where 55 & 200-DMAs are situated. The break of 93.291
has so far lacked follow through which is less than ideal for bears, but bulls
now need a close above 93.933 to ease renewed bearish pressure and above 94.450
to regain the upper hand and initially focus on 2018 highs.
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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.