US Dollar Index might be pulling back to carve a lower degree wave iv within Wave 3 around 91.80 levels. The rally is expected to resume thereafter, towards 93.50 and 94.50 respectively. A drop below 91.34 opens up a couple of alternate counts, that of an expanded flat Wave 2 or a potential triangle unfolding. We will bring those possibilities if 91.34 breaks eliminating a wave iv probability. At this point, US Dollar Index remains buy on dips around 91.78.
Remain long against 89.20, towards 94.50
Remain long against 89.20, towards 94.50