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Free AccessDOLLAR-INDEX TECHS: Remains Heavy *RES 4:........>
US: DOLLAR-INDEX TECHS: Remains Heavy
*RES 4: 94.650 - High Nov 10
*RES 3: 94.219 - High Dec 12
*RES 2: 94.107 - High Dec 13
*RES 1: 93.759 - High Dec 14
*PRICE: 93.589 @ 2030GMT
*SUP 1: 93.282 - Low Dec 14
*SUP 2: 93.171 - Low Dec 6
*SUP 3: 93.035 - Low Dec 5
*SUP 4: 92.905 - Daily Bull channel base
*COMMENTARY: The correction lower leaves the index looking a little heavy and
flirting with the 100-DMA (93.330). Bears look for a close below 93.035 to shift
pressure back to the 92.496-905 region where Nov lows and the bull channel base
are situated. Correcting O/B studies are now weighing. Bulls now need a close
above 93.728 to gain breathing room and above 94.219 to reconfirm a bullish bias
targeting 95.167-652 where the 200-DMA is noted.
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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.