USD Index made a nice pullback into the area of a former wave four, where new swing occurred. Price bounced up from 96.63 that can be end of a wave 2 so we see price now at the start of a new bullish impulse. There is a chance that market will continue up into big wave 3 this month, so dollar could get very strong against the major currencies. Invalidation level is now at 96.63, so as long this swing low holds, trend is up. Any reversal back to this low will suggest that wave 2 is still unfolding.
Our previous updates on this chart :
Our previous updates on this chart :
