USD-INDEX Monthly Forecast Apr 2015

Stock 659898
Stock 659898

Long term outlook in US dollar index remains on the upside as long as 95.73/92.43 support holds on a monthly closing basis , resistance comes at the 100.62 levels ahead of the 106.00 levels (main), a halt is likely , but a break would open 110.95 next , further upside will target the 115.45 levels .

On the downside , support comes at the 95.73 levels ahead of the 92.43 levels (main) , losing this level on a monthly closing basis will suggest short term topping and bring a corrective pullback above the 82.73 levels before the next rise…..

In all , as long as 92.43/95.73 support holds on a monthly closing basis , long term outlook in US dollar index remains on on the upside towards the 100.62/106.00 levels and possible higher towards the 110.95 levels, below the 92.43 levels faces a pullback risk towards the 82.73 levels before the next rise…

 

USD-INDEX Monthly Forecast Apr 2015


The USD Index measures the performance of the US Dollar against a basket of currencies: EURO, Japanese Yen, British Pound, Canadian Dollar, Swiss Franc and Swedish Krona (SEK). 

 

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