USD-INDEX Daily Forecast Mar 17 2015

Stock 659898
Stock 659898

Outlook in  USD-INDEX  remains on the upside as long as  99.25 support holds on a daily closing basis  , resistance comes at  the 100.50 levels , a halt is likely , but a break would open 101.70 next , further upside will target the 103.25 levels.

On the downside , support comes at the 99.25 levels  , sustained breakout – daily closing – below 99.25 will suggest short term topping and bring a corrective pullback towards the  97.70 /96.60 levels  ahead of the 95.39 levels before the next rise…

In all , as long as 99.25 support holds on a daily closing basis , outlook in US dollar index remains on the upside towards the 100.50 levels ahead of  the 101.70  levels , below 99.25  faces a pullback risk followed by a consolidation  above the 95.39 levels (main support) before the next rise…(minor levels : 97.70/96.60)…

 

USD-INDEX Daily Forecast Mar 17 2015

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