Free Trial

DOLLAR-INDEX TECHS: Pressure Back On 55-DMA......>

*RES 4: 91.011 - Low Sept 8 now resistance 
*RES 3: 90.597 - High Apr 6 
*RES 2: 90.273 - High Apr 9 
*RES 1: 89.959 - Hourly resistance Apr 9
*PRICE: 90.840 @ 2130GMT
*SUP 1: 89.771 - 55-DMA
*SUP 2: 89.714 - Hourly support Mar 28
*SUP 3: 89.633 - High Mar 27 now support
*SUP 4: 88.942 - Monthly Low Mar 27
*COMMENTARY: Follow through on breaks of recent ranges remains lacking with the
topside break failure seeing pressure back on the 89.633-771 region where the
55-DMA is noted. Bears continue to look for a close below 89.633 to confirm
breaks of DMAs and return focus to tests of 2018 lows. Bulls maintain the
advantage while 89.633 supports but now need a close above 90.273 to return
pressure to 90.597.

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.