The dollar index has been moving sideways after unlocking 1 ½-year highs at 97.50 within the ascending channel. In the short term, consolidation will likely continue as the red Tenka-sen line looks to be steadying again above the blue Kijun-sen line which is also flat, while the MACD has slipped below its red signal line, though marginally. On the upside, the index could retest the previous highs of 97.42 and 97.50 which are not far away from the middle bound of the bullish channel. A decisive close above the region could bring further buying interest into the market, pushing the price towards the upper line of the ... (full story)