The Dollar index remains inside the triangle consolidation pattern. I continue to expect the Dollar index to break to the upside and move towards 99.50 over the coming weeks. I remain bullish in the Dollar.
The Dollar index is in a short-term neutral trend. Support is at 95.75-95.60 and resistance is at 96.20-96.45. This price formation suggests that traders should be neutral and wait patiently for a breakout before opening new positions. I believe that the instrument is most likely to break upwards.