USD-INDEX Weekly Forecast Feb 16 2015

Stock 659898
Stock 659898

Outlook in US dollar index remains on the upside as long as 93.55 support holds on a weekly closing basis , resistance comes at the 96.70 levels , a halt is likely but a break would open 98.50 next , further upside will aim the 100.60 levels.

On the downside , support comes at the 93.55 levels , losing this level on a weekly closing basis will turn outlook neutral and bring a corrective pullback above the 89.85 levels before the next rise..

In all , as long as 93.55 support holds on a weekly closing basis , outlook in US dollar index remains on the upside towards the 96.70 levels ahead of the 98.50 levels, below 93.55 will bring a corrective pullback above the 89.85 levels before the next rise ..

 

USD-INDEX Weekly Forecast Feb 16 2015

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