The US Dollar Index has rebounded off the 20-day MA and is now trading within a bull pennant, typically a trend continuation pattern. Clearing 86.200 (pivot & pennant resistance) will expose the 88 handle, the level which capped last autumn's rally. A convincing loss of the 20-day MA and pennant support is required to shift focus back to the downside.
[STRATEGY] LOOK TO BUY (SELL EUR/USD) {email for entry/exit points}
For my latest Forexpros.com analysis.....
http://www.forexpros.com/technical/analysis/nzd%252Fusd%253A-remains-supported-by-corrective-trendline-18239
