U.S. Dollar Index Ready To Reverse Higher

Guy Cerundolo

The US Dollar pullback has given commodities a boost.

However, this bout of Dollar weakness may be coming to an end.

The US Dollar Index has pulled back to an important support zone where the probability of a reversal is high.

A successful breakout and retest should target 99 for the US Dollar Index.

The coming move higher in the greenback will likely serve as a headwind for commodities.

US Dollar Index Trading Chart

us dollar index bullish higher price targets year 2019

Author has positions in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

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