USDX remains in bearish trend despite a try by the bulls to regain short-term trend last week. Important resistance levels to watch are found at 95.60 and 96.20. Support to watch out for is at 94.65 and 93.10.
The Dollar index is below the cloud resistance. Price is also below the red trend line. Short-term trend is bearish. Unless we see a break above 96.20 I will remain neutral or bearish. Short-term resistance at 95.60 if broken will change trend to neutral. Support at 94.60 if broken will put 93.10 to the test. This implies that a bigger correction should be expected until the end of June.