Despite yesterdays miss on US data we have seen buyers come in with what looks like a potential base forming on the dollar index. I was buying this dip in the dollar looking now for a break of the 80.41 resistance and the 4 hour 100 exponential moving average, as this is a range market I will be taking some profit as we move to the topside of the range, looking then for a break out on the upside to add to the position.
DXY 4 hour chart
How I would trade this would be to sell EUR, GBP, AUD, CAD against the USD as a longer term move where a clear break of the 79.92 would indicate to me I was wrong.