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USD forecast for coming week ended 19th October, 2012.

Last week I was suspecting that it will not be easy for Usd to break 80 levels. It has formed a short-term bullish pattern and if it triggers that then Usd may test 81.5 levels but in many occasions this type of figure does not work. So like earlier I will concentrate on breaking 80 levels for any up move.

The way it makes the higher lows in short-term or better to say ascending triangle that generally indicates that Usd is going to drop in coming future and this is a medium-term call.  Now if Usd follows this bearish trend then in coming days it may break 79.5 and will be testing 78.5 levels. Usd has stronger chance of breaking 78.5 if it breaks around 79 levels in coming week.


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