USD-INDEX Daily Forecast Dec 11 2014

USA sygrbe
USA sygrbe

Outlook in USDINDEX has turned neutral at the moment support comes at the 88.26 levels while resistance comes at the 88.71 levels . On the downside , stability below the 88.71 levels on a 4 hour closing basis will build pressure on the 88.26 levels , a cut will open 88.00 levels , further losses will aim the 87.50 levels ahead of the 87.00 levels.

On the upside , a failure to below the 88.26 levels could mean a return to the 88.71 levels , a clear break above this level  will restore the upside momentum , If seen , focus will be on the 89.54 levels , further upside will aim the 90.00 levels…

In all , the USDINDEX is likely to consolidate within 88.26/88.71 range before the next move , below the 88.71 levels will open 88.00/87.50 levels , above the 88.71 levels will open 89.54/90.00 levels.

In the medium term forecast , as long as support 87.22 holds on a weekly closing basis , outlook remains on the upside towards the 90.00 levels ahead of the 93.00 levels.below 87.22 will reverse risk towards the 84.51 levels before the next rise..

 

USD-INDEX Daily Forecast Dec 11 2014

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