US Dollar Index Now in Uptrend

USDindex

(click for a larger and clearer image)

The June contract traded above 7600 today. Despite what you may think of the USD long or short-term, you normally don’t want to fight the tape.

In the near-term the price looks to head higher. The chart above depicts what Victor Sperandeo calls a “123 Reversal” pattern, which is reliable.

Maybe the USD is the “evil of two lessers?”

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