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US Dollar

US Dollar

U.S. Dollar Index ICEUSA:DX1!

Dollar coming down to relative oversold conditions at the same time facing implied resistance. It looks like its bottomed on a short run but the play would be to hold to see what direction it takes... although I'm expecting a pullback upwards and the dollar is currently in a bull market, it looks like it wants to down cycle which could break resistance and push prices to 87. I'd be careful with this play and rather not be in it. Give it a few weeks and let see how it plays out.. I will be in comments ... please like chart!!!

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