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Looking Heavy Again *RES 4:........>

DOLLAR-CNH TECHS
DOLLAR-CNH TECHS: Looking Heavy Again
*RES 4: Cnh6.7377 - High July 31 
*RES 3: Cnh6.7154 - Low Aug 1 now resistance 
*RES 2: Cnh6.7124 - 21-DMA 
*RES 1: Cnh6.6943 - Daily Bear channel top
*PRICE: Cnh6.6800 @ 2300GMT
*SUP 1: Cnh6.6748 - Low Aug 17 
*SUP 2: Cnh6.6685 - Low Aug 14 
*SUP 3: Cnh6.6567 - 2017 Low Aug 11 
*SUP 4: Cnh6.6413 - Monthly Low Sept 16
*COMMENTARY: The recovery from 2017 lows has stalled around the bear channel top
with the close below Cnh6.6831 leaving the pair looking a little heavy.
Cnh6.7154 is now key resistance with bulls needing a close above to confirm an
easing of bearish pressure and above Cnh6.7483 to target the 55-DMA (Cnh6.7628).
While Cnh6.7154 caps bears retain the advantage and target Cnh6.6413.

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