Pressure Back on 21-DMA *RES 4:....>

DOLLAR-CNH TECHS: Pressure Back on 21-DMA

*RES 4: Cnh6.6904 - High Oct 3 

*RES 3: Cnh6.6639 - High Oct 9 

*RES 2: Cnh6.6379 - 55-DMA 

*RES 1: Cnh6.6227 - Low Sept 27 now resistance

*PRICE: Cnh6.6150 @ 2300GMT

*SUP 1: Cnh6.6053 - Low Sept 26

*SUP 2: Cnh6.6039 - 21-DMA

*SUP 3: Cnh6.5860 - High Sept 22 now support

*SUP 4: Cnh6.5573 - Low Sept 21

*COMMENTARY: Previously noted topside hesitation has taken its toll with a

sell-off to start the new week that sees pressure back on the 21-DMA following a

break below the 55-DMA. Bears now look for a close below the 21-DMA to end

bullish hopes, shifting immediate focus back to Cnh6.5573 and overall focus back

to tests of 2017 lows. Bulls now need a close above the 55-DMA to gain breathing

room and ease pressure on the 21-DMA.