Free Trial

DOLLAR-INDEX TECHS: Focus Shifts To 55-DMA.......>

US
US: DOLLAR-INDEX TECHS: Focus Shifts To 55-DMA
*RES 4: 93.347 - High Aug 31 
*RES 3: 93.207 - 55-DMA 
*RES 2: 92.936 - Hourly resistance Aug 31 
*RES 1: 92.724 - High Sept 25
*PRICE: 92.671 @ 2130GMT
*SUP 1: 92.433 - Hourly support Sept 25
*SUP 2: 92.206 - Low Sept 25
*SUP 3: 92.105 - Hourly resistance Sept 22 now support
*SUP 4: 91.781 - Low Sept 22
*COMMENTARY: Pressure on the daily bear channel top has taken its toll with a
close above that sees focus shift to 92.936-93.347 where the 55-DMA is situated.
Bulls now look for a close above 93.347 to shift initial focus to 94.145 Aug
highs. Daily studies have room to move before O/B becomes an issue. Layers of
support are building with bears needing a close below 92.433 to ease bullish
pressure and below 92.105 to return pressure to 91.410-781.

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.