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USD forecast for coming week ended 28th September, 2012.

Usd bounces from around 78.5 level but its reversal was less. Now I think Usd may again re-test lower levels but breaking 78.5 will be hard for it. From there it may give stronger reversal and that is mostly expected in middle to later periods of the coming week. If Usd bounces from there then we may see that Usd is testing near around 80.5 level but that may not be in coming week.

In this type of situation it is getting very hard to predict for a week because if Usd breaks 78.5 then situation will change or we may not see more drops as it may turn around from these 79-79.5 levels.


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