USD-INDEX Daily Forecast Jan 29 2015

Stock 659898
Stock 659898

Outlook in USD-INDEX has turned neutral , the pair is in a pullback mode , but pullback from the 95.83 levels should be contained well above the 93.37 levels where another rise is suggested , If seen , resistance comes at the 95.83 levels , break of the 95.83 levels is needed to restore the upside momentum and open the 96.80 levels , further upside will target the 98.00 levels .

On the downside , support comes at the 93.37 levels , losing this level on a daily closing basis will extend the pullback towards the 91.48 levels and possible lower towards the 89.60 levels before the next possible rise…

In all ,as long as 93.37 support holds on a daily closing basis , outlook in U.S dollar index remains neutral with possible risk to the upside towards the 95.85 levels ahead of the 96.80 levels , below the 93.37 levels will extend the pullback towards the 91.48 levels and possible lower towards the 89.60 levels..

 

USD-INDEX Daily Forecast Jan 29 2015

 

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