USD-INDEX Daily Forecast Jun 09 2014

The USD-INDEX maintained a bearish momentum few days ago , printed resistance at the 81.04  levels .This development leaves the index targeting the 80.13 levels where a breach will turn focus on the 79.88 levels , further downside will aim the 79.60  levels ahead  of the 79.40 levels….

On the upside , resistance comes at the 80.67  levels ahead of 80.04  (main), break of 80.04 levels on a daily basis would recapture the 81.33  levels , If this resistance is taken out , expect the pair to strengthen further towards the 81.50  levels, further upside will aim  the 82.00 levels…

In all , as long as resistance 81.04 holds on a daily closing basis , outlook in USD-INDEX remains on the downside towards the 79.188/7960 levels, break of 81.04 will reverse risks towards the 81.33/81.50  levels…


USD-INDEX Daily Forecast Jun 09 2014




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