How will the US dollar perform this month?- BBH

Analysts at Brown Brothers Harriman explained that the US dollar rose against most of the major currencies in the last week of March, except the Australian and Canadian dollars, and the British pound.   

Key Quotes:

"The greenback's recovery from the losses suffered amid questions about the Trump Administration's ability to enact its economic program despite the Republican Party having a majority in both houses of the legislature and the executive branch, has helped improve the technical tone.

The Dollar Index snapped a three-week downdraft by rising nearly 0.75%. It was its biggest gain in seven weeks. It finished the week above the psychologically important 100 level.  Last week's gains managed to retrace 50% of the decline since March 9. That retracement is found near 100.55. The 20-day average, which the Dollar Index has not closed above since the day before the Fed hiked on March 15 is found a few ticks above the retracement objective. The 61.8% retracement is just below 101.  

The MACD and Slow Stochastics have turned higher, while the RSI is lagging a bit. Some technicians suggest that with the March low a little below the February low some kind of three-legged downside correction from the cyclical high recorded on January 3 is completed. A downtrend line connecting the early January and March highs comes in near 101.60 at the end of next week (April 7). A move above it would lend credence to ideas that the greenback's uptrend is resuming."