FX.co ★ Weekly forecast of USDX for April 22-25, 2014

The index is trading at 79.94 in Asia's trading session. As of now, the dollar index made a double top at 79.99 and facing heavy resistance at 50SMA 79.98 levels. Today is a crucial day for USDX, today's trading pattern will decide the trading room for next month. If today it closes above the 79.99 (50SMA) level, the price will fly up to 80.11,80.23, 80.46 and 80.60( 200EMA). We are upbeat from 79.40 levels and recommended to buy several times in our previous reports. On the downside, the index has support at 79.80 and 79.60 for this week .