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