US Dollar ETF (UUP) Should Find Sellers At $25 Yearly Pivot

The US Dollar is bouncing higher and showing some relative strength lately.

How far will the rally carry the Dollar?

In the chart below, I highlight where US Dollar traders may find resistance.

Look for sellers to show up at strong resistance near the Yearly Pivot Points around $25.

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That’s about 2-3 percent higher from current levels.

 

US Dollar ETF (UUP) Chart w/ Yearly Pivots

us dollar etf uup yearly price pivots resistance_rally_8 may 2018

Learn more about these key price pivots at on Pivotal Pivots or catch me on Twitter.

 

Twitter:  @Pivotal_Pivots

The author may have a position 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.