The US Dollar
is at a crossroads. It seems most likely it will complete a rounding turn and head downwards to form the beginnings of an inverse head and shoulder pattern. However, a sudden continuation upwards is always possible. In any case, dollar declines should be good for gold
(which is also at a potential reversal point) and other commodities
, and the Euro
and other foreign currencies. Thus it is important to monitor.
To be clear, it appears the current upward trend it still intact.