Dollar index struggle to break above the upper trendline

The dollar index, which tracks the U.S. currency against six major peers retreated back to 103 after the USD struggled to settle above the top trendline and has already rejected the level on lower timeframes. On the downside, the next support is near 102.70 and a clear breakdown of 102.70 could open space for further declines. On the fundamental side, dollar traders and investors should closely watch the FED Powell comments from the Jackson Hole Economic Symposium scheduled for Friday and the US durable goods orders report which is set to be released on Thursday.