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###POV Above Cnh6.6956 To Target...>

DOLLAR-CNH TECHS
DOLLAR-CNH TECHS: ###POV Above Cnh6.6956 To Target 2017 High
- The failure ahead of Cnh7.0000 in early 2017 has seen a bearish trend evolve
with the bear channel base coming in around Cnh6.1732. LT Traders took comfort
in the close above the Cnh6.4393 June weekly high that bought bulls breathing
room and now sees the pair pressuring Cnh6.5695 (Dec 25 high).
- LT Traders now look for a close above Cnh6.5695 to confirm traction above 55
(Cnh6.5154) & 200 (Cnh6.5062) WMAs and confirm focus on Cnh6.6533-6956 where the
weekly bear channel top (Cnh6.6779) and 100-WMA (Cnh6.6533) are situated.
Overall LT Traders need a close above Cnh6.6956 to confirm breaks of the 100-WMA
and bear channel top, shifting focus to tests of 2017 highs (Cnh6.9872).
- The Cnh6.3754-4393 support region is key for LT Traders. A close below
Cnh6.4393 is needed to ease bullish pressure and below Cnh6.3754 is needed to
shift focus back to Cnh6.1100-2352 where the bear channel base and 2018 low are
noted.
- Click for chart https://tinyurl.com/y7kyc6fm

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