USD-INDEX Daily Forecast Apr 04 2014

The USD-INDEX continued its bullish momentum yesterday , bottomed at the  80.23 levels and topped at the 80.67  levels . This development leaves the pair targeting the 80.85  levels  where a breach will turn focus on the 81.07  levels , a break would open 81.30 levels , further out will aim the 81.45 levels.

On the downside , main support comes at the 80.23 levels , stability above this level will keep pushing towards the 81.07 levels , losing the 80.23 levels on a daily closing basis would weaken the current bullish run , If seen , the pair is likely to retest the 79.88 levels  before the next rise, a cut will open 49.47 levels , further downside will aim the 79.25 levels.

In all , as long as support 80.23 holds on a daily closing basis , the USD-INDEX will remain based to the upside towards the 80.85 levels ahead of the 81.07 levels , losing the 80.23 levels will reverse risks towards the 79.88 levels  and possible lower towards the 79.47 levels.

 
USD-INDEX Daily Forecast Apr 04 2014

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