Since beginning 2017 DXY has been in a measured cooldown period where the range was tightening. We have recently had a breakout to the upside of this measured retreat funnel. Contrary to many calling a top in the dollar, i believe it still has a bit to go. The movement may be choppy but target of 106 is very likely on the balance of probabilities.
@Simon_says, Nice call. Yea i have been watching the 100 level for a while now. The under-performance in USD this year was a tad worrying but there are too many supporting factors for the run to continue at this point.