US Dollar Index - Technical Analysis: Wednesday, 31/08/2017 03:44 GMT

The US dollar index bounces to the upside clearly after approaching from the main waited target at 91.35, to approach from testing the previously broken support of the minor ascending channel, which we believe that it forms bearish flag pattern that supports continuing the main bearish trend.

Thus, the bearish trend will remain valid for the coming period unless surpassing 93.20 level and settling above it, as surpassing this level will push the index to achieve more gains that reach to 94.44 and might extend to 95.70 before attempting to decline again.