USD-INDEX Weekly Forecast Mar 09 2015

Stock 659898
Stock 659898

Outlook in  USD-INDEX  remains on the upside as long as  96.60 support holds on a weekly closing basis  , resistance comes at  the 97.80 levels , a halt is likely , but a break would open 99.30 next , further upside will target the 100.35 levels.

On the downside , support comes at the the 96.60 levels (main) , sustained breakout – daily closing – below 96.60 will  bring a corrective pullback above the 95.39 levels before the next rise…however , a clear break below the 95.39 levels will suggest short term topping and extend the pullback towards the 94.04/93.37 levels before the next rise..

In all , as long as 96.60 support holds on a weekly closing basis , outlook in US dollar index remains on the upside towards the 99.30 levels and possible higher towards the 100.35 levels , below 96.60 faces a pullback risk above the 95.39 levels before the next rise…

 

USD-INDEX Weekly Forecast Mar 09 2015

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