*Analysis: The Dollar Index (DXY)*

• The US Dollar seems paralyzed during the whole trading session of Monday. 

• The index on Tuesday as well trending directionless in a choppy manner. 

• The BoJ’s decision to keep interest rate negative have provided a very nominal strength to the US Dollar.

• The index has formed a small bullish pennant pattern. Now if prices give a breakout above the upper trend line of the pattern, then it will reach test resistance.

• However, if it fails to give a higher breakout, then further weakness might be witnessed. 

• The prices are expected to rise from the current levels, a little above the upper trend line of the triangle pattern. 

• The prices are uncertain and expected to trend sideways from the current level with immediate support at fib level 0.236 at 102.43.

*Current Situation:* On Tuesday, US dollar prices looks steady near 102.55

*Technical Indicators:*

• DXY has started to hover in the buying zone as per technical indicator: 

• Prices are above the middle band of the Bollinger band indicator, and 

• CCI indicator also drags above the 0.0 mark at 54.46.

• The indicators are suggesting minor bullishness in DXY.

*Important Levels to Watch:*

• Support: The index might witness an initial hurdle at 102.43. (fib level 0.236) towards its downfall towards the lower trend line of the triangle pattern, which it will test near levels of 102.15.

• Resistance: It would be intraday highs of 102. 63 and if the dollar index gives a breakout above, then the door to higher levels towards 103.00 gets unlocked.