The US Dollar Index bounced strongly towards 95.60 after the fake breakdown below 94.65, but got rejected by the kijun-sen indicator. As long as the price is below the recent high and below the Ichimoku cloud,a trend will remain bearish with increased chances of breaking below 94.65 again.
The US Dollar Index is moving towards lower lows and lower highs. The trend is bearish for the short-term. The price is below the Ichimoku cloud and below the red trend-line resistance. It reached the cloud resistance yesterday and got rejected. This was not a good sign. Support is at 94.85 and at 94.65. If we break below these levels, there will be increased risk of a new low below 93.10.
