USD-INDEX Weekly Forecast Dec 29 2014

Stock 659898
Stock 659898

Outlook in USD-INDEX remains on the upside as long as 89.86 support holds on a weekly closing basis , resistance comes at the 90.40 levels where a break will open 91.35 levels , a halt is likely , but further upside will pave the way towards the 93.15 levels ahead of the 95.20 levels.

On the downside , support comes at the 89.86 levels , losing this level on a weekly closing basis will turn outlook neutral and bring a corrective pullback above the 87.22 levels before the next rise..

In all , as long as 89.86 support holds on a weekly closing basis , outlook in US dollar index remains on the upside towards the 91.35 levels ahead of the 93.15 levels, below 89.86 will turn outlook neutral and bring consolidation above the 87.22 levels before the next rise..

 

USD-INDEX Weekly Forecast Dec 29 2014

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