USD Downtrend, Hits Key support Levels with Consolidation.

AMEX:UUP   Invesco DB USD Index Bullish Fund ETF
A strong U.S. dollar could be bad for large-cap multinationals because it makes American goods more expensive overseas. If the U.S. dollar continues to appreciate, then it could also have a negative long-term impact because those overseas consumers will begin to turn away from American brands. On the other end of the spectrum, domestic companies will not be negatively impacted by the U.S. dollar.


Daily chart still under consolidation with a set up to attempt $25.00 which correlates to AUG - OCT 2020 support which will now be resistance due to the supply of shares. Good Risk to reward ratio with cheap options. Would look for an entry close to support levels around $24.20
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