USD-INDEX Daily Forecast Jan 27 2015

Stock 659898
Stock 659898

Outlook in USD-INDEX remains on the upside as long as 94.75  support holds on a daily closing basis , resistance comes at the 95.65  levels ,a halt is likely but a clear break would open 96.80  next , further upside will pave the way towards the 98.00 levels ..

On the downside , support comes at the 94.75 levels , losing this level on a daily closing basis will turn outlook neutral and bring a corrective pullback above the 93.37 levels before the next possible rise , below 93.37 levels will extend the pullback towards the 91.48 levels..

In all , as long as 94.75  support holds on a daily closing basis , outlook in US dollar index remains on the upside towards the 95.65  levels ahead of the 96.80 levels , below 94.75 will turn outlook neutral and bring consolidation above the 93.37/91.48 levels before the next rise..

 

USD-INDEX Daily Forecast Jan 27 2015

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