Yesterday's strong rebound from 97.08 in line with the greenback's broad-based bounce suggests the correction from last week's high at 98.90 has ended there and above 98.45 (overnight New York) would encourage for re-test of said resistance, breach confirms recent upmove from 93.85 has resumed and extends gain towards 99.50.  
  
On the downside, below 97.50 would risk another fall to aforesaid support at 97.08 but break is needed for stronger retracement to 96.50/60.