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

DOLLAR-CNH TECHS
DOLLAR-CNH TECHS: Flirting With 55-DMA
*RES 4: Cnh6.3773 - High Feb 8 
*RES 3: Cnh6.3526 - High Mar 9 
*RES 2: Cnh6.3483 - Bollinger band top 
*RES 1: Cnh6.3253 - High Apr 9
*PRICE: Cnh6.3127 @ 2300GMT
*SUP 1: Cnh6.2838 - Low Apr 6
*SUP 2: Cnh6.2538 - Low Apr 2
*SUP 3: Cnh6.2472 - Bollinger band base
*SUP 4: Cnh6.2352 - 2018 Low Mar 27
*COMMENTARY: The recovery from 2018 & 3yr lows is now struggling with the 55-DMA
(Cnh6.3122) providing a stumbling block. Bulls now need a close above Cnh6.3253
to confirm traction above the 55-DMA and add support to the case for a test of
Cnh6.3773-3870. Initial support is noted at Cnh6.2838 with bears needing a close
below to gain breathing room and return initial focus to retests of 2018 lows.

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