The Dollar index continues to trade inside the bullish channel and has passed above the 61.8% Fibonacci retracement. The trend remains bullish. Overbought conditions in the oscillators provide a warning for bulls to be cautious.
With price making higher highs and higher lows inside the bullish channel, trend remains bullish. Price remains above the Ichimoku cloud. Price has broken above the 61.8% Fibonacci retracement. But bulls need to be extra cautious as a pullback is imminent. Important short-term support is at 97.75. Next support are is at 97.25-96.70.