USD Intermediate Cycle Update

June 29, 2017

USD Cycle Status/Outlook: Short term is a bit cloudy but my preferred count is day 10.  Longer term, it is clear that the USD is still seeking out its Yearly Cycle Low (YCL).   If my last ICL is correct, we are now nearing the five month timeframe is a normal 5-6 month ICL timing band.

Once the YCL is found, my expectations are that future rallies will be still be corrective in nature against the longer term cycle trend which should now be down. Out of the next ICL, the next IC High should be a lower high.

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