The U.S. dollar index is a basket of six major world currencies weighted against the greenback. The USDX is an important “outside market” that can have a daily impact on many other markets. See on the daily bar chart for the USDX June futures that price action has been choppy and sideways for weeks. The direction in which the index breaks out of the trading range, defined by the support and resistance lines on the chart, will likely be the direction of the next trending move. Stay tuned!