USD-INDEX Daily Forecast ِApr 01 2015

Stock 659898
Stock 659898

Outlook in USD-INDEX remains neutral with risk to the upside as long as 95.39 support holds on a daily closing basis, resistance comes at the 100.09 levels, a halt is likely but a break would open 100.75 next, further upside will target the 102.40 levels.

On the downside, support comes at the 96.60 levels ahead of the 95.39 levels (main), losing this level will suggest short-term topping and pave the way towards the 93.37/91.48  levels before the next move.

In all, as long as 95.39 support holds on a daily closing basis, the outlook in US dollar index remains neutral with risk to the upside towards the 100.09 levels ahead of the 100.75 levels, below 95.39 will extend the pullback towards the 93.37/91.48  levels before the next rise…

Intraday: As long as 97.45/98.16 holds on a 4-hour closing basis, further upside is likely towards the 100.00 levels…

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