US Dollar Index pushing higher towards 93.50
US Dollar Index felt short of projected lower degree wave ii termination around 90.30 levels. The index rather terminated around 90.60 mark and continued to progress higher in wave iii of 3 towards 93.45/50 mark. The index trades close to 92.10 levels for now and intraday corrective drops remain possible towards 90.75/80 zone. It could be seen as yet another opportunity to add fresh long positions. Buying on dips remains a safe trading strategy until 89.20 is intact.
Remain long against 89.20, towards 93.50 and 94.50
Remain long against 89.20, towards 93.50 and 94.50
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