Looking at the dollar index
), it is currently in line with previous January high of 96.60 range and then forming a higher low of 95.20 before spiking up at where it is standing today. If DXY
rejects to exceed 96.80, I see a higher low forming again at 95.80 which indicate an uptrend before a 3 drives
to the top occur we might witness a major sell off in USD if it is supported by weak economic datas.