USD Breakout Could Impact Commodities
Chris Kimble | Apr 25, 2018 10:45AM ET
The above chart looks at the U.S. dollar over the past 20 years.
Since then, several potential support lines have come in to play at (1) while at the same time, a bullish falling wedge appears to be coming to an end.
Strength by King Dollar looks to be taking place at (2), where it is working on a breakout.
A USD rally often puts downward pressure on metals and could do the same to the overall commodity markets. Commodity bulls do not want to see the dollar remain strong at (2) and push higher
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