Dollar Update

Fresh new lows for the bucky this past week - not unexpected.
My interpretation remains the same. Minuette wave (v) of minute [v] of minor 5 of intermediate (C). We inch closer and closer to an important bottom.
Price found support at the 78.6% retracement of the primary [A] leg off the 71.05 L. We are very near the minimum downside objective of 74.79, which is where 5 = 61.8% of 1 - 3.
Notice that RSI supported on its rising trend line, again giving positive divergence. Pay attention to the 50% level (upper trend line) to see whether it can finally break through.
I'm not sure this would signal an end to the downtrend, however, I do believe it would be meaningful.
Bottom line - As mentioned last week, this trend is very mature. It could end at anytime. Any upside price action should be viewed with suspicion, until an impulse has taken place with a channel break.