Promising U.S. economic data
From a technical point of view, on a daily chart, Dollar Index has broken below the lower boundary of a triangle and is capped by its 50-day moving average (in blue). The daily RSI stands within its selling area. Readers may therefore consider the potential for further weakness as long 101.00 is not broken to the upside. The nearest support would be set at horizontal support at 96.30. A second one would be set at March bottom at 94.60.
Source: TradingView, GAIN Capital