The United States Dollar Index has broken out above its nearly two year Horizontal Consolidation Region (HCR). Going back to the start of 2015, the /DX has traded in a range between $93 and $100 but has broken through the overhead resistance level.
The upward breakout of this range coupled with the fact that it has broken round number support ($100), with an uptrending RSI would lead me to believe the Dollar could continue to $107, which is the $7 range between $93-$100 added to the breakout spot of $100. I would be looking to get long the /DX on a pull back to $101 while keeping a close eye on the $100 level to make sure a failed breakout isn’t in the works.