The dollar index has traded mostly sideways with a counter trend move to the upside hitting the 0.382 fib retracement. My base case is that we may be a continued push to the 0.618 fib level, which is also the inverse head and shoulders price target. This seems to coincide with the supply chain problems and not getting goods into the ports. With less flow of goods coming in meeting demand, less dollars are going out to other countries that have dollar denominated debts that need satisfied. That can cause a spike in the dollar index if dollars are scarce in the global economy. Longer term, as more fiscal stimulus happens with decreasing global trade in dollars, I'm still bearish on the dollar... That is until we have the next (inevitable?) liquidity crisis.