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Flirting With 55-DMA *RES 4:.......>

DOLLAR-CNH TECHS
DOLLAR-CNH TECHS: Flirting With 55-DMA
*RES 4: Cnh6.3870 - Low Jan 19 now resistance 
*RES 3: Cnh6.3773 - High Feb 8 
*RES 2: Cnh6.3526 - High Mar 9 
*RES 1: Cnh6.3512 - Bollinger band top
*PRICE: Cnh6.3127 @ 2300GMT
*SUP 1: Cnh6.3120 - High Apr 4 now support
*SUP 2: Cnh6.2838 - Low Apr 6
*SUP 3: Cnh6.2538 - Low Apr 2
*SUP 4: Cnh6.2352 - 2018 Low Mar 27
*COMMENTARY: Bears have failed to capitalise on recent 2018 & 3yr lows with the
pair recovering back towards the 55-DMA (Cnh6.3141). Bulls continue to look for
a close above the 55-DMA to shift focus back to Cnh6.3773-3870. While the 55-DMA
caps bears remain focused on Cnh6.1850-2130 last seen in 2015 with a close below
2018 lows needed to add weight to their case.

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