US Dollar Basket - The US Dollar seems like it may have broken out to the upside

Taking a look at the US Dollar as it recently moved above the 200-day moving average and broke through the resistance of $1.0393. The market has closed above this resistance, which tends to be a positive indication. Currently, the dollar basket is trading at around $1.0371, with the break to the upside it is likely now that a small pullback towards the 200MA is likely for a test of support. Markets have tendencies to re-test support/resistance zones post any breakouts. Since it is a break towards the upside, the previous resistance of the 200MA has now turned to support, currently reading $1.0332. We can also see that the dollar has now support along the supportive trendline, which is slightly correlating with the 200MA. Suggesting that bulls have more of a reason to try and push it higher. A move below this support would require the bears to then break $1.0242 before any downtrend is likely. On the other hand, towards the upside, a break above the new resistance of $1.0427 could then see a move higher towards $1.0500-$1.0550. Looking at the technical indicators, they have faltered a touch following some profit-taking. The MACD seems like it could turn negative in the short-term but the RSI is still positive as it reads 61.