The dollar had been consolidating below the 105.40 level — until Friday.

The dollar closed above the 105.40 level on Friday then delivered bullish follow through on Wednesday and Thursday.  The new high on day 14 shifts the odds towards a right translated daily cycle formation.  That aligns with the dollar being in a daily uptrend. Delivering bullish follow through indicates a continuation of its daily uptrend and signals a cycle band buy signal.