The Dollar Index daily chart above shows that prices have found support at the 20 day moving average. I have drawn a declining trendline that acted as resistance for the recent pullback. Today a break of that trendline should awake investors to signs of strength and view this pullback as a consolidation. Beware for a continuation of this break as prices are likely to regain the previous minor high at a minimum. The moving averages are sloping upward and in a bullish arrangement. A short-term bearish case would be such that prices break below the 20 day moving average and find support at the 50 day moving average.Either way the decline is limited as price will resume in its uptrend.
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