USDX Channel about to break?

 

Here is a chart of the channel that has played such an important role containing the USDX over the past 4 days. Price movement has just bounced sharply off the bottom of the channel and I am hoping it may push through resistance from here. A break above 8020 will take price above the resistance line. If this is the case it is a good indication that the correction is over and there will be more upside to come. Look to short the NZD, AUD, EUR and GBP against the USD if price breaks above the channel.