USD-INDEX Daily Forecast Jun 26 2014

The USD-INDEX continued its bearish momentum yesterday, printed resistance at the 80.40 levels .This development leaves the index targeting the 79.87 levels where a breach will turn focus on the 79.55 levels , further downside will aim the 79.20 levels ahead of the 78.95  levels….

On the upside , resistance comes at the  80.45 levels  (main), break of 80.45  levels on a daily basis would recapture the 80.86/81.04 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 80.40/80.45  holds on a daily closing basis , outlook in USD-INDEX remains on the downside towards the 79.87/79.55 levels, break of 80.45 will reverse risks towards the 80.86/81.04 levels…


USD-INDEX Daily Forecast Jun 26 2014