Description
⋅ About 2 months have passed since the dollar reaches the lowest at 89.2.
Since then, we have seen the dollar making a significant rebound and the recent downtrend was breakaway after last Friday's strong bull.
In fact, the dollar hasn't pulled back enough for another wave of bear strong enough to take over the market trend again.
We expect the dollar to continue its uptrend for the next 2-3 weeks until it reaches 92.
If the dollar pulls back from the recent rebound at first, look for a buying opportunity at 90.5 - 90.2.