Despite early retreat from 98.30, as dollar has rebounded strongly from 95.87 (intra-day low made in Australia) suggests further consolidation above last week's low at 94.48 would be seen with upside bias for gain to 97.70/80 but break is needed for another leg of upmove to 98.30 and then 98.90/00.  

On the downside, below 95.87 would yield weakness to 95.20/30 but 94.48 support should hold on first testing.