USD index is expected to reach new highs after another sharp advance last week, which looks like a continuation within the impulsive wave (3). As such, the current type of bullish leg can be seen next week as well, when market will break above 100 psychological level. After that market will make  room for a move up to the 104.00-105.00 projected area; 138.2-161.8% Fibonacci extension of wave IV.
USD Index, Daily
On the 4h chart, USD Index broke sharply higher on Friday and finished the week at the highs, indicating a continuation within the uptrend. We see a price action in the middle of the black extended wave 3 that could rally up to the 100 psychological level this week, or even to 101.00. In the meantime, the price action must remain above the 98.00 level; any fall beneath this price will require an update.
USD Index, 4H
