USD-INDEX Daily Forecast Apr 09 2014

The USD-INDEX  maintained a bearish momentum yesterday , topped at the 80.33 levels and bottomed at the 79.78 levels . This development leaves the pair  targeting the 79.50 levels , a halt is likely , but losing the 79.50  levels on a daily basis would open 79.20  next , further downside will aim the 78.80 levels.

On the upside  , resistance comes at the  80.00 levels ahead of  80.33 ( main) , stability below this level will keep the pair under pressure , but break of the 80.33  levels on a daily basis will recapture the 80.58 levels , further upside will aim the 80.75 levels.

In all , as long as resistance 80.33 holds on a daily basis , the  USD-INDEX will remain based to the downside towards the 79.50/79.20 levels , above 80.33  levels  will reverse risks towards the  80.58/80.75  levels….


USD-INDEX Daily Forecast Apr 09 2014