US Dollar Index remains a clear buy on dips until prices stay above 89.70 and subsequently above 89.20 levels respectively. The recent wave structure could be Wave 3 in progress towards 93.50 and 94.00 levels, going forward. The rally between 89.70 and 92.50 has been marked as lower degree Wave i of 3 and Wave ii is expected to carve around 90.75 levels. The index might be unfolding a complex corrective wave and could potentially drop through 90.75 before turning higher again. A break above 92.50 would confirm a continued rally towards 94.50 levels.
Remain long against 89.20, towards 94.50.
Remain long against 89.20, towards 94.50.