FxWirePro: DASH/USD struggles to extend break below trendline, finds strong support at 50-DMA (969.57)

• DASH/USD is consolidating break below trendline, struggles to extend weakness.
   
• The pair is trading in a narrow range today, remains capped below 5-DMA at 1034.
   
• Downside finds strong support at 50-DMA at 969, we see further weakness only on break below.
   
• Momentum studies are bearish, but RSI is flat. Break below 50-DMA to see further downside. Scope then for test of 50% Fib at 870 levels.
   
• On the higher side, break above 5-DMA to see next major resistance at 20-DMA at 1082. Breakout there could see resumption of upside.

Support levels - 969 (50-DMA), 905 (Dec 30 low), 870 (50% Fib retrace of 115 to 1625 rally)

Resistance levels - 1034 (5-DMA), 1082 (20-DMA), 1250 (trendline)

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