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Free AccessDOLLAR-INDEX TECHS: Trading Below 200-WMA *RES...>
US: DOLLAR-INDEX TECHS: Trading Below 200-WMA
*RES 4: 93.451 - Hourly resistance Aug 23
*RES 3: 93.117 - Hourly support Aug 25 now resistance
*RES 2: 92.820 - Hourly resistance Aug 25a
*RES 1: 92.591 - 200-WMA
*PRICE: 92.219 @ 0155GMT
*SUP 1: 92.168 - 2017 Low Aug 28
*SUP 2: 91.919 - 2016 Low May 3
*SUP 3: 91.514 - Low Jan 15 2015
*SUP 4: 91.117 - Low Jan 6 2015
*COMMENTARY: Failure by bulls to capitalise on the recovery from the week's low
last week has resulted in fresh 2017 and 15mth lows and the pair trading below
the 200-WMA for the first time since May 2014. Immediate bearish focus is now on
the 2016 low with a close below to target 89.776-90.325 where 2015 lows are
located. Bulls need a close above the 200-WMA to gain breathing room and above
93.117 to shift focus back to 93.451-94.145.
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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.