ew-forecast

USD Index : Correction Could Follow In Days Ahead

TVC:DXY   US DOLLAR CURRENCY INDEX
USD index is back at the highs after a new leg up out from a fourth wave that we have been tracking it from start of the week. We see price now in wave (v) that represents final leg within impulsive recovery so we must be aware of a new corrective set-back in days ahead. we may see a temporary decline back into wave 2 at the start of November. That said, current strong bullish momentum can slow down. A divergence on the RSI also suggests that upside can be limited.

Link to our previous updates on this pair :
USD Index Could Reach Higher Levels After Temporary Pullback
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