USD-INDEX Weekly Forecast Mar 02 2015

Stock 659898
Stock 659898

The USD-INDEX continued its bullish momentum last week , printed support at the 94.05 levels , topped at the 95.42 levels . This development leaves the pair targeting the 97.65 levels , a halt is likely , but a break would open 100.30 next , further upside will target the 103.25 levels.

On the downside , support comes at the 94.05 levels ahead of the 93.37 levels (main) , sustained breakout – weekly  closing – below 93.37 will suggested short term topping and bring a corrective pullback above the 89.86 levels before the next rise…

In all , as long as 93.37/94.05 support holds on a weekly closing basis , outlook in US dollar index remains on the upside towards the 97.65 levels and possible higher towards the 100.30 levels , below 93.37 faces a pullback risk above the 89.86  levels before the next rise…

 

USD-INDEX Weekly Forecast Mar 02 2015

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UPCOMING ECONOMIC EVENTS