Good day traders. Hope everybody is having a splendid day.
Today we will look at USD Index and its mid-term view.
USD Index can still be trading within a higher degree bearish impulse, with current rise labeled as a potential wave 4). If that is the case, then rally since start of September can see limited upside near the upper trendline and unfold a drop in five waves for the upcoming wave 5). But if price continues higher, and decisevely breaches above the trendline, then this would suggest a completed bearish impulse and a change in trend from bearish to bullish.
USD Index, Daily