USD-INDEX Weekly Forecast Mar 30 2015

Stock 659898
Stock 659898

Outlook in USD-INDEX remains neutral with risk to the upside as long as 94.78 support holds on a weekly closing basis , resistance comes at the 100.76 levels , where a break will open the 102.40 levels , a halt is likely but a break would open 105.00 next , further upside will target the 107.00 levels.

On the downside , support comes at the 94.78 levels , a failure to hold below the 94.78 levels on a weekly closing basis could mean a return to the 100.76 levels , however ; sustained breakout – weekly closing – below the 94.78 levels will suggest short term topping and open the 89.86 levels before the next rise…

In all , the US dollar index is likely to consolidate within 94.78/100.76 range with possible risk to break higher , above the 100.76 levels will resume the upside offensive and open the 102.40/105.00 levels , below the 94.78 levels will reverse risk towards the 89.86 levels before the next rise…

 

USD-INDEX Weekly Forecast Mar 30 2015

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