Looking into the USD Index, DXY seems like in a bearish mode while it trades beneath 93.68; above that level, the price action may become tricky and not so clear.

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USDCAD came nicely down on the 4-hour chart as expected, with an extended and strong drop from 1.2774 which has a characteristic of a wave 3 rather than C as the pair also moves very close to the typical 161.8% extension level. As such, we are aware of more weaknesses now after the recent bounce proved to be corrective, possibly already completed wave 4 so be aware of more weakness in sessions ahead; towards the 1.21-1.22 area.

USDCAD 4h Elliott Wave Analysis

USDCHF is coming down, now showing some acceleration within a bearish structure so ideally market is already in the third leg of decline. We are tracking wave 3 on the 4h chart which has a minimum downward objective at 0.9060. Our bias remains unchanged as long as the market trades below 0.9194.

USDCHF 4h Elliott Wave Analysis