Uncle Buck Updated

Daily USD climbed out of a downtrend channel, put MACD and RSI positive, created and held a support level and now has risen above the SMA 200.

usd

The weekly is approaching a resistance area but MACD and especially RSI look constructive.  Under 98 Unc is just putting pressure on a would-be inflation trade.  Above it, the whole thing would be called into question.

usd.wk

We have been anticipating a decline in CRB to around 180.  That area, combined with USD finding resistance would be key.  Meanwhile, this is the market and I am going to let it tell me what it is doing.  Right now, patience, increased cash and selective investment are the things.

crb

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