Currency Score Alert: GBPUSD, AUDUSD & NZDUSD Top the Charts at 85 – Major Levels to Watch for Bullish Breakouts 
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- Chart pattern formed- inverse Head and Shoulder.
- US dollar index has formed inverse head and shoulder in daily chart and is trading well above resistance 94.29 level. The index jumped till 95.15 and is currently trading around 94.91.
- On the lower level. Near term major support is around 94.29 and any break below will drag the pair down till 93.83 (100- day MA)/92.75. Overall bullish invalidation only below 91.62.
- The near term resistance is around 95.15 (161.8% retracement 94.27 and 92.75) and any break above will take the index till 96.51/97 in the short term.
It is good to buy on dips around 94.80-94.85 with SL around 94.28 for the TP of 96.50/97.
