Dollar Index holds up below SMA
The Dollar Index is attempting to break out of the short-term symmetrical triangle formation that has been in play over the past 24-hours. The overall look of price action does look like the chart is rolling over and moving into a bearish mode.
However, should we see a move above the 96.05 mark, I would be in less of a bearish mindset. Nevertheless, we have clearly turned a corner, with lower lows and lower highs compared with the last week and thus I remain bearish for now. Resistance points in play are around the 96.05, 96.15, 96.32 and 96.52.