The US Dollar Index
dropped to 96.65 levels yesterday while action was lacking in the currency segment. The index has now taken out initial price support at 95.65 levels and is pulling back higher, trading back higher towards 96.20 levels. The presented wave counts are indicating that the US Dollar Index
could be preparing to drop
lower towards 94.00 levels unfolding as an expanded flat or resume its down trend. Both the potential counts have been labelled here as (A)-(B)-(C) and alternate (A)-(B)-(C) respectively. It could be noted that in either way, the US Dollar Index
remains poised to push lower towards 94.00 levels at least. Immediate price resistance is seen at 97.10 levels while support is below 95.00 levels respectively.
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