Index: US Dollar Index (DXY)
Frequency: Daily
Predicted DIrection:
DXY has currently completed the downside impulse wave (I, II, III, IV, V) with wave 3 extension, which belongs to the intermediate corrective wave A from Dec 2016. It is expected the US dollar will have a sharp correction before hitting the resistance zone of 89.03/78. The price may test the upper 23.6% Fib level or 38.2 Fib resistance level.