From the 4-hour chart of the USD Index, we see clearly that #USDX is now in a Premium Array Area from the Interbank Price Delivery Algorithm (IPDA) that is a 60-day trading range. It means that #USDX is poised to go down. Now the index #USDX is trying to reach the Discount Array with the first target at 98.87-98-88 levels as long as the price does not rebound above 99.63.
The overall trend for #USDX is bearish
(Disclaimer)
