Description
⋅ the USD seem to have been in a redundant position for quite a while. With UJ failing cnsistently to move upwards.. or move downwards specifically.
So the question is where exactly is USD going..
Looking at the chart, we can see a Minor wave 4 retracement on the Index chart which gave rise to a rising wedge formation.
We would expct the USD index to move downward anytime, for the final fifth wave completion with the 88.26 support point break as a valid confirmation.