Bullish Outlook :
As shown on this weekly chart, the U.S. Dollar corrected through Fibonacci 0.382 retracement level. The “double zigzag” correction could be labeled as Intermediate wave (4), which is prior to advance in the fifth wave of the same degree.
Based upon the bullish view, Intermediate wave (5) that could have begun at 92.62, will eventually carry the Index to new highs above 100.39 (March 13).
The ultimate target for this final dollar advance is around the 104.02 level, where the waves (5) and (1) are equal – a common relationship.