FXstreet.com (Barcelona) - The Dollar has been unable to break resistance level at 94.60 (Jan 6 high) and has dropped back to support level at 92.72 during Monday's Asian session, breaking the upward trend it was trading since the 87.10 in Feb 12.

Resistance areas, according to the KBC Bank Market Research Desk stand as follows: 1st Resistance area at 93.65 (today's high?), with next levels at 94.12/ 94.21 (daily envelope top/ daily Bollinger top), ahead of 94.46/ 94.53 (current reaction high off 87.10/ daily Flag top off 87.10) and 94.65 (Jan 06 high + neckline daily Double Bottom), where pause favored.

On the downside, The KBC Bank Market Research Desk sees the following support levels: 1st support area at 92.77/ 92.75 (today's low?/ daily envelope bottom), with next levels at 92.21 (weekly envelope bottom) and 92.07/ 97.02 (reaction low hourly / daily Medium Term Moving Average↑), where pause favored.