USD-INDEX Daily Forecast Mar 13 2014

The USD-INDEX continued its bearish momentum yesterday , topped at the 79.83 levels .This development leaves the index targeting the 79.30 levels where a breach will turn focus on the 79.00 levels , further out will aim the 78.60 levels ahead of the 78.30 levels.

On the upside , resistance comes at the 79.83 levels, stability below this level will keep the index under pressure , break of 79.83 on a daily basis , will turn outlook neutral and bring rebound towards the 80.20/80.60 levels before the next fall.

In all ,as long as resistance 79.83 holds on  a daily basis , the USD-INDEX will remain based to the downside towards the 79.00 levels , break of 79.83 would delay the bearish move for retesting 80.20/80.60 levels before the next fall.

 

USD-INDEX Daily Forecast Mar 13 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS