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FxWirePro: US Dollar Index Daily Outlook

  • US Dollar index is trading in narrow range between 92.66 and 91.58 for the past three trading session. It is currently trading around 91.90.
     
  • Short term bullishness can be seen only above 92.36- 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 92-92.10 with SL around 92.66 for the TP of 91/90.

 

 

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