DX has been running straight up since bouncing off its 200ema and price support a month ago. Price is very overbought and has just bumped up against next price resistance of 83.64 which was the August/11 high. Price just tagged this resistance and backed off sharply. The RSI 21 is well above the very overbought 70 level and rolling over and is rarely this overbought. Also see the CCI 20 showing a pronounced negative divergence on this latest rally high after tagging the very overbought -200 level. While being overbought can stay overbought for awhile it is a warning of a reversal of some magnitude nearby with inverse markets rallying. Meanwhile resistance is resistance and price would need to clear and hold above 81.64 to suggest its likely run up to the March 2009 & June 2010 double top high of 89.70 that should occur this year. Pullbacks are swift and volatile with DX. Especially when stretched out like this. Note the Modified MACD cleared and has remained above the 0 line since last September which is 'long term' bullish. That won't help with day to day trading unfortunately but is a good guide on the 'major trend'.