Free Trial

DOLLAR-INDEX TECHS: Capped Ahead Of Key DMAs.....>

US
US: DOLLAR-INDEX TECHS: Capped Ahead Of Key DMAs
*RES 4: 93.962 - High Nov 22 
*RES 3: 93.666 - 21-DMA 
*RES 2: 93.632 - 55-DMA 
*RES 1: 93.346 - 100-DMA
*PRICE: 93.055 @ 0530GMT
*SUP 1: 92.952 - Hourly resistance Dec 1 now support
*SUP 2: 92.604 - Low Dec 1
*SUP 3: 92.496 - Low Nov 27
*SUP 4: 91.781 - Low Sept 22
*COMMENTARY: Bears take comfort in the 55-DMA capping the recovery from 92.496
and the index left looking gently offered. Bears look for a close below 92.496
to add weight to the case for a test of 2017 lows although initially focus
shifts to 91.526-781. Bulls now need a close above the 21-DMA (93.666) to shift
initial focus to 94.165 and overall focus to 95.167-464 where monthly highs are
located.

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.