So here's my take on some technical and fundamental analysis of the dollar. As you can see from the chart, it is now at the 50% retracement of it's upmove from May 2014. I suspect they will push it lower to retest the 61.8% fib retracement at around 88.50 area. It may take maybe another 2 months (Oct/Nov 2017). On the fundamental level, those two months are...
Description in chart.
If the range stays intact we are buying the lows and selling the highs
Maybe future price action?
GU basing and support building. Look for bond prices to lead the dollar. If bonds continues to be bid then GU has high probability of retesting the 100 SMA on the daily at 1.26000
Looking at .7500 and .7700 as a strong resistance for AU. If price holds below that level, there is strong possibility that it will retest .7150
Lower Highs, Lower Low. Plus the fact that longs were drastically cut on the COT report for 2 weeks now. If .7725 is broken above, then target in invalidated. US hike in the December on the table may also put pressure on AU.
Double Top Formation on the daily candles have bearish tone. Supporting information: UK looking to cut rates in August or add QE and US looking to raise rate later this year. US also printing better than expected economic datas suggesting robust US economy. Good change GU will go lower with target 1.2500