The US Dollar Index has made intraday highs at 95.26 levels and is seen to be trading around 95.19 levels at this point in writing. Looking into the medium term wave structure, the US Dollar Index seems on its way to accelerate Wave C lower towards 93.80 levels at least. Please also note that interim resistance should remain intact at 96.16 levels for the above count to hold. Now looking at the short term wave count, the US Dollar Index seems to have carved out an impulse wave i and probably wave ii terminated at 95.26 levels today. Please note the resistance zone is between 95.60/80 going forward and prices could test higher before reversing again. A minimum projection for Wave C could be below 93.80 levels.
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Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.