Free Trial

Immediate Focus On 2017 Low *RES...>

DOLLAR-CNH TECHS
DOLLAR-CNH TECHS: Immediate Focus On 2017 Low
*RES 4: Cnh6.5926 - Low Dec 1 now resistance 
*RES 3: Cnh6.5823 - High Dec 21 
*RES 2: Cnh6.5695 - High Dec 25 
*RES 1: Cnh6.5340 - High Dec 29
*PRICE: Cnh6.4882 @ 2300GMT
*SUP 1: Cnh6.4874 - 200-WMA
*SUP 2: Cnh6.4813 - Low Jan 4
*SUP 3: Cnh6.4425 - 2017 Low Sept 8
*SUP 4: Cnh6.4140 - Low Nov 25 2015
*COMMENTARY: Topside failures around the 100-DMA (Cnh6.6009) in early Dec
resulted in a sell-off that sees focus on tests of 2017 lows. Bears look for a
close below the 200-WMA to add weight to their case. O/S daily studies looking
to correct are the key concern for bears. Bulls now look for a close above
Cnh6.5340 to ease immediate bearish pressure and hint at a correction back to
Cnh6.5695-6072 where key DMAs are noted.

To read the full story

Close

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.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });