Dollar Index

The dollar index did not reach the top end of the channel where c = a. But wave c have completed 5 waves already and Friday night's decline could mean that the small bounce in wave 2 of 3 is over and wave 3 of 3 down is starting. The next few days would be critical in confirming this position. On the lower side a break of the rising channel below 90.62 would be a clear sign that wave 3 down has started.