Despite last week's fall to a one-month low at 93.42 on Friday, dollar's subsequent strong rebound due to cross selling in yen signals recent decline has formed a temporary low there and consolidation with upside bias remains for correction towards previous resistance at 95.30 before prospect of a retreat later this week.  
  
On the downside, below 93.42 would indicate the decline from this month's high at 97.79 has resumed instead and risk further weakness towards daily support at 93.09.