Dollar index day trading strategy

The dollar index is trading at
the highs of the major price channel, and price wedge this morning also at the
highs of the range from Tuesday at 80.150. 
The dollar index will need a lot of buying support here to push through
these highs, and what ‘should’ happen is that price should stall at these highs
and start to move lower.  We will wait
for clues from the dollar index at these highs to tell us whether it will be
going higher, or collapsing and falling back down off these highs.  Depending on which way the dollar index goes
from this resistance will tell us how we trade this morning.

Notice the overhead resistance at 80.345 will be the next
price level the dollar index will attempt to move up to if there is strong buy
pressure at these highs, and if the price falls back down we can expect the
price to move to the PLOD of 79.760.

Looking a little further into the dollar index this
morning we can see the 21-range chart has a bullish price channel along with a
bearish AB=CD Pattern that is still waiting to be either violated below 79.600
or completed at 80.600.  we assume this dollar
index will try to keep rising higher, but in context of the ‘bigger picture’ on
the 89-range charts posted below we can see the MAJOR resistance at 80.150
which we know will be tough to break. 
Will the buyers be strong enough? 
Will the sellers take control and move this price back down to the lows
of the bull price channel or maybe we will slop around sideways on top of the PHOD.  We will be looking for either price to keep
rising, trade sideways on the PHOD, or stall and reverse to move lower.  If we plan ahead for these three options
today we will be prepared.