The Dollar index continued to rise yesterday but price remains below critical resistance and inside the triangle pattern. I expect the Dollar to be under pressure today as price got rejected at the 95.65 level where the 61.8% Fibonacci retracement of the latest decline is found.
Blue line - trend line support
The Dollar index reached the 61.8% Fibonacci retracement but remains inside the triangle pattern. Price moved above the Ichimoku cloud but with oscillators at overbought short-term levels I see little potential to move to the upside.
The Dollar index weekly candle is trapped between the weekly kijun- and tenkan-sen levels (yellow and red line indicators). Price is below the Ichimoku cloud that has turned red and above the green trend line support which is a very critical support level. Bias is to the downside but we will have confirmation on the break of the green trend line support at 94.70-94.60.
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