USD-INDEX Weekly Forecast Jan 12 2015

Stock 659898
Stock 659898

Outlook in US dollar index remains on the upside as long as 91.30 support holds on a weekly closing basis , resistance comes at the 93.15 levels , a halt is likely but a break would open 95.00 levels , further upside will aim the 96.50 levels.

On the downside , support comes at the 91.30 levels , losing this level on a weekly closing basis will turn outlook neutral and bring corrective pullback above the 89.85 levels before the next rise..

In all , as long as 91.30 support holds on a weekly closing basis , outlook in US dollar index remains on the upside towards the 93.15 levels ahead of the 95.00 levels, below 91.30 will bring a corrective pullback above the 89.85 levels before the next rise ..

 

USD-INDEX Weekly Forecast Jan 12 2015

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