Dollar strengh should eventually continue
The longer-term view of the US Dollar (UUP in this case) is positive due to global economics. The chart shows the recent pause at the current price as natural near-term resistance, and also shows pre-crisis strength before the financial world was upended. The next phase for the Dollar (above resistance) should reflect the relative value of America in the modern, post-crisis, healing global economy, and which is positive for risk taking.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.