The US dollar index has broken the downward sloping channel however the reaction is not as strong as one could expect. Nevertheless, we remain bullish on the US dollar as I have been pointing out since last week to the impeding dollar bullish reversal.
The US dollar index has broken above both the tenkan- and kijun-sen indicators. Resistance is now seen at 97.25 where the 4-hour cloud is found. Support is seen at last week's low. I believe we should see the dollar breaking out higher today and over this week.