USD Index Ideally Reaching For 96.50
Gregor Horvat | May 20, 2016 05:04AM ET
USD Index is on the sharp rise and has reached our minimum upward projections near 95.17 resistance, but bullish momentum is strong from the last 24 hours so there is room for more strength ahead. An updated count shows idea of an extended wave 3) which means that continuation towards 96 and 96.50 should be considered while market trades above 94.57 swing low. Keep in mind that USD index might have started a new big uptrend continuation after 12 months of a downward correction shown on higher time frames, so be aware of stronger buck across the board.
USD Index, 4H
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