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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.
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Free AccessMNI China Daily Summary: Wednesday, December 11
DOLLAR-INDEX TECHS: Capped Ahead Of 100-DMA......>
US: DOLLAR-INDEX TECHS: Capped Ahead Of 100-DMA
*RES 4: 94.476 - Low July 18 now resistance
*RES 3: 94.267 - High Oct 6
*RES 2: 93.942 - Hourly support Oct 6 now resistance
*RES 1: 93.844 - High Oct 9
*PRICE: 93.748 @ 2030GMT
*SUP 1: 93.579 - High Oct 4 now support
*SUP 2: 93.413 - Hourly support Oct 4
*SUP 3: 93.259 - Low Oct 4
*SUP 4: 93.083 - Hourly support Sept 29
*COMMENTARY: The lack of topside follow through and rejection ahead of the
100-DMA is a concern for bulls given O/B daily studies and increases the risk of
a correction back to 92.724-943 where 21 & 55-DMAs are located. Bears look for a
close below 93.579 to add weight to their case. Below 92.724 is now needed to
shift overall focus back to 2017 lows. Bulls now need a close above the 100-DMA
to reconfirm a bullish bias and initially target 95.167-464.
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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.