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The DXY ended the US session < 90, as the....>

DOLLAR
DOLLAR: The DXY ended the US session < 90, as the majors. ex-CAD gained against
the greenback, with US Tsy yields capped for the time being. 
- From a technical perspective the Dollar Index's close above the 55-DMA
(89.565) eased bearish pressure with above 91.751 needed to shift initial focus
to 92.640 and overall focus to 94.219-95.149. The lack of follow through is less
than ideal with bears needing a close below 89.442 to signal a false break of
the 55-DMA, return initial focus to 2018 lows and overall focus to 86.515-879
where the weekly bear channel base, Nov 2014 monthly low LT rising weekly TL are
situated.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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