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#USD – These charts will make or break the USD and have investors scrambling to re-shuffle FX portfolios


1. USD/Commodities Ratio

We have previewed this chart before and this week, commodities strengthened and the Bloomberg Commodity Index has breached and closed above T-Line resistance and has the April ’19 close in its sights. The USD/Commodities ratio has also, breached T-Line support and closed off the week at its longer-term mean. We will be monitoring this chart very closely next week.

2. US – GER interest rate differential Daily & Monthly Charts

The technical setup on the daily chart suggests that the spread is set to continue to narrow. The monthly chart shows that the spread is at a CRITICAL support level. All eyes on this chart as it will dictate the trend direction for the USD.