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US Dollar Forecast August 24, 2015, Technical Analysis

By:
Christopher Lewis
Updated: Aug 22, 2015, 06:02 UTC

The US Dollar Index fell significantly during the session on Friday, testing the 95 handle. However, this is an area that should attract a lot of

US Dollar Forecast August 24, 2015, Technical Analysis

The US Dollar Index fell significantly during the session on Friday, testing the 95 handle. However, this is an area that should attract a lot of attention so we will have to wait to see whether or not we get a supportive candle that we can serve buying. We think that there is a significant amount of support all the way down to the 94 handle, so this point in time we do not want to start selling. The longer-term charts suggests that we need to move below the 94 level in order to start selling.

 

US Dollar Forecast August 24, 2015, Technical Analysis
US Dollar Forecast August 24, 2015, Technical Analysis

About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

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