Dollar index

Now that dollar index made a lower low, a declining green channel has also formed. The hypothetical blue rising channel seems to be playing a role at the moment but it needs a higher high and a touch on the upper band for confirmation. The ruling red channel dictates for the long term view and if the equities end their breathless run, it would strengthen the dollar to reach the upper band of that channel with a target of 87-90 area. P.S. The chart is on logarithmic scale.
Hope it helps.