Free Trial

DOLLAR-INDEX TECHS: O/B Daily Studies Looking....>

US: DOLLAR-INDEX TECHS: O/B Daily Studies Looking To Correct
*RES 4: 95.747 - Daily Bull channel top 
*RES 3: 95.464 - Low July 13 now resistance 
*RES 2: 95.167 - High July 20 
*RES 1: 94.965 - Hourly resistance Nov 8
*PRICE: 94.903 @ 0530GMT
*SUP 1: 94.700 - Low Nov 7
*SUP 2: 94.408 - Low Nov 3
*SUP 3: 94.267 - High Oct 6 now support
*SUP 4: 94.148 - 21-DMA
*COMMENTARY: Topside follow through is still lacking with the index remaining
capped ahead of 95.167. Bulls continue to look for a close above this level to
reconfirm a bullish bias and initially target the bull channel top. Layers of
support remain but 94.267 remains key. Bears need a close below the 94.267 to
initially pressure 100 & 21-DMAs and below the channel base to shift focus to
92.724-93.477. Overall below 92.724 is needed to target 2017 lows.

To read the full story



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.