Drop on the Dollar persists

The Dollar index has closed the week to the downside, dropping below the 200 week exponential moving average and below the 94.00 level as shown on the weekly chart. The stochastics indicator is below the 20% line and stays in the oversold zone. The Dollar index may continue dropping during the next week, but due to the fact that the stochastics indicator is below the 20% line, the indicator may consolidate in that zone, because it cannot drop below the 0% level. The instrument is clearly over-extended to the downside and it may correct or pullback at any moment, but if it continues dropping, then its next support levels could be the 93.00 level or the 91.88 level. The more it drops, the higher the probabilities of seeing a bullish pullback. To the upside, in case of a retracement, its next resistance levels could be any of the round number zones like the 95, 96, 97, or 98 levels.