Todays review on the USD Index

Daily chart

Price reached the monthly target(MS2) found support and was up for the day. MS1 currently stands as market resistance. Price action resistance is marked in pink on the chart. From the monthly target price may rise up to MPP. A lower high at any of the resistance does not change the current trend of the Index which is BEARISH.

H1 chart

The days forecast was,if price breaks DPP we might rally up to the days target DM4. Price is yet to reach the days target. Price is currently at price action resistance marked in pink. Multiple resistance levels are eyed on the daily chart above. If price continues this rally we have to look at the daily chart for areas where price may continue its decline.

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