The dollar likely got a boost on disappointing Canadian data, which saw retail sales contract .3 percent. The Bank of England's Committee ( MPC ) voted once again not to increase interest rates. Both the loonie and Sterling trade lower.
The price action will become with a close above the descending with 85.90 being the nearest likely before retesting 86. The dollar could a boost higher, as data shows the largest flood of speculators into the dollar hits record levels. If price action trades back within the triangle, look for a retest of the broken resistance, now support, lines (magenta).
Neutral on the dollar short-term, as I expect pops of action to occur. However, I remain on the dollar 3-13 months out.