USD index made a nice pullback this summer to around 92.45 where market found  support and turned back above 96.00 confirming that the retracement from 100.64 was a corrective move, especially as the first leg was impulsive labeled as wave (1). As such, the move to 93.83 was only temporary and corrective, ideally wave (2) that is now complete so the uptrend is expected to continue within wave (3) above 100.80. A broken trend line this week and a move above wave (X) will be just another confirmation for a stronger USD in the coming weeks.

USD Index, Daily

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