U.S. Dollar At Major Inflection Point

The US Dollar (DX) is hovering precariously just above a major inflection point at 90.00, as shown on the following monthly chart.

A drop and hold below that level could see the DX plunge to around 85.00, or even 80.00, in short order.

However, should the Financials ETF (XLF) drop,we may see DX reverse course and rally towards 95.00, or even 100.00…keep an eye on the XLF for clues.

US Dollar Index Futures Monthly Chart

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