The Dollar index has broken above the short-term Ichimoku cloud resistance and is trading near its recent highs. Trend remains bullish as long as price is above 99.44 in the short-term and as long as price is above 96 in the long-term.
Blue line -support
Short-term oscillators are overbought and diverging. Resistance is at 101.70-101.80. Support is at 101 for the short-term. Trend will change on a break of last week's low at 99.44. Until then trend remains bullish targeting 102-103.
Weekly resistance is being tested. Trend remains bullish as long as we trade above last week's low. Breaking below last week's low will push price towards the long-term green trend line support. Target of new highs near 103-104 is still possible as long as we trade above 99.44. The 61.8% long-term Fibonacci retracement from 2001 is very important long-term resistance.
