On the updated count of USD Index we can see that price made a sharp reversal lower at the end of the previous week. As such we believe this complex corrective wave 4) is even more complex, but in final stages of wave Y. That said support may can be found soon for a strong turn to the upside, into a new impulsive trend. Rise and break above 101.70 would be an important confirmation for a trend change.
USD Index, 4H
