The index is currently undergoing a correction. On Friday, we reached the margin requirements levels.
We have now approached the 1/6 level, situated below the 1/4 mark. Overall, this acts as a support zone, especially since the lower boundary of the average daily range is also located between these levels.
There is no change in the US Dollar Index outlook. Yesterday, the index found support at the minimum correction zone of 1/6, bolstered by the lower boundary of the daily average range.
Our outlook remains unchanged: expect a resumption of the uptrend. The only question is whether the correction will deepen today into the 1/4 area.
