USD-INDEX Daily Forecast Oct 30 2014

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The USDINDEX continued its bullish moment yesterday , printed support at the 85.23 levels , now focus will be on the key resistance 86.10 ?!
The USDINDEX will have to hold above the 86.10 levels on a daily closing basis to push the market for further upside gains , If seen , It will target 86.35 levels where a breach will turn focus on the 86.85 levels , a halt is likely ,but further upside will aim the 87.50/88.00 levels.

Alternatively , a failure to hold above the 86.10 levels could mean a return to the 85.23 levels , a halt is likely , but losing the 85.23 levels on a daily closing basis , will reverse risk towards the 84.51 levels and possible lower towards the 84.00 levels.

In all , as long as support 84.23 holds on a daily closing basis , outlook in USDINDEX remains on the upside towards the 86.35/86.85 levels , below 85.23 will reverse risk towards the 84.50/84.00 levels.

 

USD-INDEX Daily Forecast Oct 30 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS