USD Index Resumes Its Uptrend; Could Rise To 102/103

USD remains clearly bullish on big time frame charts with higher highs and higher swing lows forming since May 2014. Currently we see price turning higher again after it reached former wave four and trendline support near 93.00. In fact, pullback from the high can be labeled are a completed corrective decline, so new leg up can be underway back to the highs. Ideally we will see wave V targeting 102/103 area.

USD Index Daily Elliott Wave Anlaysis

US Dollar Index Daily Chart

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