FX.co ★ #USDX Technical analysis for September 3, 2014

The Dollar index remains in a bullish trend. Price managed to break above 83 and Dollar does not show any sign of weakness. The Dollar index continues to make higher highs and higher lows and remains inside the upward sloping channel as shown in the 4-hour chart below.

Short-term support is found at 82.85 and at 82.70. Breaking below 82.70 could push the index towards 82.50. Resistance is found at 83.10 and 83.40. The Ichimoku cloud remains below current price and this is another bullish sign showing how strong the bullish trend is.

The daily trend remains bullish. Price is keeping inside the upward sloping channel from 79.75. Daily support is found at 82.50 and at 82.25. The upward sloping channel boundaries are at 82.25. If broken, we could see a push towards 81.40 or even the Ichimoku cloud at 81.10-81.20. The trend remains bullish. Next target at 84.