Expected scenario: The US dollar index witnessed the highest increases since 2017, recording the 103.50 levels, which represent a strong price resistance, so we are likely to witness a correction wave from those levels, reaching 100, to re-test it, Then the new trend can be determined from these levels, which we will most likely complete the current ascending wave.

Alternative scenario: As long as the current ascending wave continues, which is the least likely scenario at the present time, we will witness more gains to target the 106 and then 110 levels.

Expected trend: Down (corrective)

Estimated traffic range: 103 to 100