After a big growth, US Dollar Index has been moving sideway for the last two months between 95.650 - 96.900
Currently, the last descending trend line in the sideway zone is broken to the upside and price has been fixed above the line.
Moreover, we can see a bullish structure with the higher highs and higher lows.
But, on the other hand, price is approaching to the next resistance barrier at 96.462
If price breaks 96.462 and fixes above this level, we can expect more rise towards the yellow resistance level around 96.900
But, if price can't break the resistance at 96.462 and gets rejected from it, we should wait for the last minor low at 96.032 to be broken and candle closure below this level, to expect a drop towards the yellow support zone around 95.650
Currently, the last descending trend line in the sideway zone is broken to the upside and price has been fixed above the line.
Moreover, we can see a bullish structure with the higher highs and higher lows.
But, on the other hand, price is approaching to the next resistance barrier at 96.462
If price breaks 96.462 and fixes above this level, we can expect more rise towards the yellow resistance level around 96.900
But, if price can't break the resistance at 96.462 and gets rejected from it, we should wait for the last minor low at 96.032 to be broken and candle closure below this level, to expect a drop towards the yellow support zone around 95.650