Uncle Buck is doing his best to not only keep the intermediate correction scenario in question, but also break its parameters. So far Unc has gotten above the MA 50 and now, exceeded a trend line.
The final parameter is a ‘higher high’ above 98. If that happens USD is bullish. Period.
Currencies (so soundly flogged by their respective Central Banks) have implications across the globe, and one I am watching is Europe which, going by the Euro STOXX 50, is doing exactly what we want it to do along with the weak Euro (obviously a major benefactor of USD), in order to bring about a potential macro trading opportunity.