Free Trial

DOLLAR-INDEX TECHS: Focus Remains On 2017 Low....>

US
US: DOLLAR-INDEX TECHS: Focus Remains On 2017 Low
*RES 4: 94.145 - High Aug 16 
*RES 3: 93.791 - Hourly resistance Aug 17 
*RES 2: 93.628 - High Aug 23 
*RES 1: 93.451 - Hourly resistance Aug 23
*PRICE: 93.311 @ 0150GMT
*SUP 1: 93.126 - Low Aug 23
*SUP 2: 92.934 - Low Aug 8
*SUP 3: 92.764 - Bollinger band base
*SUP 4: 92.679 - Low Aug 3
*COMMENTARY: Bulls failed to capitalise on the recovery from the week's low with
focus remaining on 2017 lows and the 91.919-92.548 region as a whole. Daily
studies are well placed for a fresh leg lower with the Bollinger base likely to
be the key concern. Layers of resistance remain with bulls needing a close above
93.791 to shift focus back to the key 94.145-476 region. Above 94.476 then
confirms focus on 94.932-95.464 where the 55-DMA (94.932) is situated.

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.