Dollar Index has reached the 161 fib extension of the major ABCD that started in Aug 2011. It is also just shy of a Butterfly Sell, that has its D point at 11 400. These two levels, the price reversal zone, will likely have some impact on further development. If looking at pairs such as UsdCad and AudUsd they have made a significant breakout on Monthly timeframe, but just with some small margin. IF Dollar Index is ready to pause here, the monthly breakouts may become fake breakouts. Until Dollar Index has cleared 11 400 with conviction, I would use caution taking any Usd based breakouts on higher timeframe.Both monthly and Weekly fimeframe, when looking at close price in relaiton to Pivots, suggest further gains (both have closed above R1). If Index break out higher it will likely be a dramatic move, since ABCD and Butterflys tend to fail with sharp price action.