Dollar eases within uptrend
The dollar continues to move higher, following the selloff seen earlier in the week. The latest consolidation seen overnight has respected the 1-hour simple moving average closely as support, which makes it a likely source of the next move higher. In the short-term another leg higher seems likely.
However, as long as price remains below 97.32, I feel we could see another move lower given the creation of a low below 93.17 this week. I have not seen the signs of a reversal lower yet and therefore the bullish outlook remains.