The US dollar rises after the completion of the harmonic model

The US dollar index rose during the Asian trading period on Wednesday after completing the harmonic BAT model on the daily frame down to the levels of 101.35 as we expected in the weekly analysis video here.

Therefore, this is a signal of the rise of most currencies against the dollar, even if only as a correction.

Especially since today we will have the minutes of the FOMC meeting for July.

We also expect that the focus this week will be on Fed Chairman Jerome Powell's speech at the Jackson Hole symposium next Friday.

We expect the next target for the dollar index will be the levels of 102.20 and then 103.00.

This scenario fails if 100.65 is broken.