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FxWirePro: US Dollar Index Daily Outlook

US Dollar index has declined mildly after showing a minor jump above 20- day MA. It is currently trading around 91.96. Short term bullishness can be seen only above 92.50-92.60 (daily Kijun-Sen, 20- day MA and trend line…

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FxWirePro: US Dollar Index Daily Outlook
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  • US Dollar index has declined mildly after showing a minor jump above 20- day MA. It is currently trading around 91.96.
     
  • Short term bullishness can be seen only above 92.50-92.60 (daily Kijun-Sen, 20- day MA and trend line resistance).
     
  • Any violation above 92.60 will take the pair to next level 93.11/93.60/94.15/95 in the short run. The minor resistance is around 91.82/92.27.
     
  • The index major support is at 91 low made yesterday and break below targets 90.

It is good to sell on rallies around 92.20-25 with SL around 92.66 for the TP 91.

 

 

 

 

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