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DOLLAR-INDEX TECHS: Closing Below Channel Base...>

US
US: DOLLAR-INDEX TECHS: Closing Below Channel Base
*RES 4: 93.756 - 55-DMA 
*RES 3: 93.442 - 21-DMA 
*RES 2: 93.309 - High Dec 27 
*RES 1: 93.122 - Hourly resistance Dec 27
*PRICE: 92.953 @ 0320GMT
*SUP 1: 92.776 - Bollinger band base
*SUP 2: 92.604 - Low Dec 1
*SUP 3: 92.496 - Low Nov 27
*SUP 4: 91.781 - Low Sept 22
*COMMENTARY: The 21-DMA capping recently has resulted in a break of the bull
channel base (93.146) with bears now needing a close below 92.496 to confirm a
return in focus to tests of 2017 lows. Modestly O/S daily studies are less than
ideal for bears. Bulls continue to look for a close above the 21-DMA to gain
breathing room and above the 55-DMA to shift initial focus to 94.219 and overall
focus to 95.167-464.

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