US$ at a very important levelway back in 1998 this area was the launch zone as the US$ climbed 29 cents into its all time high from 92-121 then it was again tested in 2003 at 92 before adding another 7 cent increase then in 2004 that support failed and became resistance as the 92 area was tested in 2004 and 2005 but failed to break above 92 losing 21 cents into its low of 71 in 2008
the 92 level as support was tested in 2016 and held as the US$ climbed 11 cents into its 2017 high at 103
the key level of 92 is again being tested, will it continue to be a support zone and head higher or will it fail to support and once again become resistance?
the White House and US interest rate outlook will continue to play a major roll
as you can see gold and silver have in the past trended with the US $ up and down at times but for the majority of the time a weaker US$ prices everything in US$ higher from copper to rice to gold and the DOW shows the US$ has little influence to its trend
no doubt this level 91.88 to 92.33 is a key zone on the US$ chart....100 is the top side resistance and 88 is the next support zone
https://tinyurl.com/y6vtqvaa