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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Narrowing Bollis Hint At...........>
DOLLAR-CNH TECHS: Narrowing Bollis Hint At Breakout
*RES 4: Cnh6.3870 - Low Jan 19 now resistance
*RES 3: Cnh6.3773 - High Feb 8
*RES 2: Cnh6.3560 - 55-DMA
*RES 1: Cnh6.3526 - High Mar 9
*PRICE: Cnh6.3316 @ 2300GMT
*SUP 1: Cnh6.3166 - Low Mar 20
*SUP 2: Cnh6.3025 - Bollinger band base
*SUP 3: Cnh6.2985 - Low Mar 15
*SUP 4: Cnh6.2867 - Low Feb 27
*COMMENTARY: The Cnh6.3526-3870 resistance region where the 55-DMA is located
remains key. Bulls continue to look for a close above Cnh6.3870 to confirm
traction above the 55-DMA, ending bearish hopes and shifting initial focus to
Cnh6.4475-4657. Initial support is now noted at Cnh6.3166 with bears needing a
close below to gain breathing room and retain focus on retests of 2018 lows.
Below Cnh6.2985 is needed to add weight to their case.
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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.