Free Trial

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

US
US: DOLLAR-INDEX TECHS: Bulls Now Need Close Above 90.011
*RES 4: 90.445 - High Mar 20 
*RES 3: 90.260 - Hourly resistance Mar 21 
*RES 2: 90.011 - Hourly support Mar 21 now resistance 
*RES 1: 89.737 - High Mar 23
*PRICE: 89.347 @ 2030GMT
*SUP 1: 89.124 - Hourly resistance Mar 27 now support
*SUP 2: 88.942 - Low Mar 27
*SUP 3: 88.650 - Hourly support Feb 16
*SUP 4: 88.253 - 2018 Low Feb 16
*COMMENTARY: Follow through has again been lacking, this time on the break of
88.960 with bulls taking comfort in the bounce. The rally sees bulls gain
breathing room with a close above 90.011 still needed to shift initial focus
back to 90.445 March highs so far. While the 89.737-90.011 resistance region
caps bears remain focused on tests of 2018 lows and look for a close below
88.942 to add weight to their case.

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.