I won’t add to analysis of the USD Index, as I still have the same views which were mentioned in the last post here and USD Index hasn’t done anything drastic yet that warrants any change of views!
By the way just for illustrative purpose I have drawn a fib projection on the chart which shows how the rough target of approx $82 was inferred! A typical AB=CD move in the making! It’s still at the volatile 200 periods MA and once again at the risk of being repetitive I would like to say that USD Index is likely to be strong as long as it trades above $77!
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