The US dollar index continues trading inside the big triangle pattern. I prefer to stay neutral and wait for a breakout before taking any actions. I still believe that eventually the index is going to break to the upside and confirm the start of a new upward move towards new highs.
Red line - resistance
Green line - support
The US dollar index is inside the Ichimoku cloud. It got rejected at the upper cloud boundary and this is a bearish sign. It means that we can see the index move towards the support green trend line and test it.
Green line - support
The weekly chart remains unchanged. The trading range is getting narrower. The price holds above the cloud support. It keeps the hopes for bulls alive. It will be an important buy or sell signal if either trend line is broken. The bullish flag pattern implies that the upside breakout is more probable.
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