Possible consolidation on the Dollar Index

The Dollar Index has kept a very good bearish trend, but once it got to the 93.00 level, the index tries to stall its drop there as shown on the daily chart. The Dollar Index bounces from the 93.00 level to the 94.00 where the 200 week EMA is precisely at that level. Even though the bearish trend is still in place, there is a possibility of the 200 week EMA acting as a resistance and the index may consolidate between the 93.00 level and the 94.00 level. On the other hand, if the weakness persists on the Dollar, then the instrument may break below the 93.00 level to go and visit the 92.00 level. The stochastics indicator is trying to come out of the oversold area, showing us that the index may try to correct to the upside. If the Dollar Index breaks above the 94.00 level, then the next resistances could be the 95.00 level or the 96.00 level where the 55 day EMA is very close to that zone.