This could bring DXY up to between 98.5 and 99 levels.
A successful breakout above the could fuel a move to 104 and above
(Could also be confirming a pattern starting March 2015)
Expect consolidation around 97.1 and 98.5 levels, with potential pullbacks to test lines
All bets are off if DXY breaks below 93.7
Confirmed with multiple indicator divergences, the dollar is also currently oversold. However if this is the start of a new market for the Dollar (which I highly doubt), USD can remain oversold for much longer.
In terms of Fundamentals; if the Fed does wake up and raise rates (At least once, most likely twice) this year, it will be very for the dollar.
If this plays out, will come under selling pressure, most importantly GOLD , check out my normalized GOLD chart explaining the recent move in GOLD .