The Dollar index remains in a bullish trend after a triangle break out. It is only a matter of time before the index will make new highs and accelerate upwards. A long-term target is at 100-101.
Red lines= triangle
The Dollar index is making higher highs and higher lows. Support is at 94.80 and resistance is at 95.55. I believe we are going to see new highs soon, and the upward move will expand towards 97 for the short term.
The Dollar index is now testing the 50% retracement on the monthly chart as shown above. I believe, we will break above 96 and eventually reach the 61.8% retracement at 100-101 over the coming weeks. I remain bullish.
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