InstaForex - Analytics

InstaForex

719.00 6.50/10
61% of positive reviews
Real

USDX technical analysis for June 25, 2015

The US Dollar Index continues showing signs of strength but it has not managed to break above the 50% retracement of the decline from 97.80. The short-term trend is bullish. The longer-term important support is found at 93.55. In case of breaking below this level, I would expect a push towards 92.50 at least if not 90 where the 50% retracement of the larger upward move is found.

usdx.jpg

Show full picture

usdxd.jpg

Show full picture

The weekly chart remains supported by the kijun-sen. The 93.55 level is important support while a weekly close above 95.10 could imply more strength to come over the coming weeks. The pullback target is the 50% retracement and the price level of 90. This target will be achieved if we break below 93.10-93.50 support.



To leave a comment you must be or register

By visiting our website and services, you agree to the conditions of use of cookies. Learn more I agree