The Dollar index has depreciated about 1.47% in value during the past two weeks. The pair has been trading near a significant support level at 97.21 since last week's trading sessions.
If the support level holds, the Dollar.IDX/USD pair will continue to trade in the ascending channel during the following trading sessions.
Given that the pair is trading near the bottom border of the channel pattern, a breakout could occur in the nearest future.
However, it is unlikely that the pair will surpass the significant support level at 97.21 within this week's trading sessions.
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