Free Trial

DOLLAR-INDEX TECHS: Bulls Need Close Above.......>

US
US: DOLLAR-INDEX TECHS: Bulls Need Close Above 100-WMA
*RES 4: 96.617 - High June 28 2017 
*RES 3: 95.568 - 100-WMA 
*RES 2: 95.529 - 2018 High June 21 
*RES 1: 95.401 - Bollinger band top
*PRICE: 95.305 @ 0430GMT
*SUP 1: 95.231 - Hourly resistance June 27 now support
*SUP 2: 94.951 - Hourly support June 27
*SUP 3: 94.415 - Hourly support June 26
*SUP 4: 93.171 - Low June 26
*COMMENTARY: Support emerging on a dip below the 21-DMA (94.282) has seen the
index bounce back towards 2018 highs. Bulls continue to look for a close above
the 100-WMA (95.568). A close above the 100-WMA remains needed to target 96.617.
94.028 remains key support. Bears look for a close below 94.028 to confirm a
break of the 21-DMA (94.282) and shift initial focus to 93.193.

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.