USD Index is making a rally from the lows, specifically from the 96.48 level where we labeled end of wave 5. Current impulsive sequnce can be the first sign of a low in place and a suggestion that more gains may follow. At the moment we see first wave A/1 in motion, which can be trading in final stages. Once wave A or 1 unfolds, a new three wave correction into wave B or 2 may follow. Support for the upcoming correction can be around 96.88/97.12 region.
USD Index, 1H
