The strength in the dollar has been putting heavy weight on both equities and commodities. However, whether this is a real move or not it’s sbeing questioned. Currently UUP is testing a a major broken support coincidentally crossing with a major downward long term trend line resistance. If UUP fail to break this resistance, we can see the dollar to continue its down trend, and a surge in Gold prices, and perhaps a bounce in equities in the next few sessions.
Here’s the chart of UUP:
