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USD Index turned sharply up from 92.50 at the end of August, demonstrated in five waves, which means that the dollar is back on the bullish track. The recent downward retracement was temporary and the wave is now completed due to a nice bounce last week. We see a move out of the downward channel which means that more gains are coming. The price action is now testing the neckline, where a strong breakout will put wave (3) in play towards 99,  or maybe even the 100 area.

USD Index, 4h

USD Index 4h