A Dynamite Slice of Americana

To update our look at the U.S. Dollar from yesterday, the orderly consolidation appears to be resolving higher. 

Keying off the UUP ETF, below, on the daily timeframe, note buyers attempting to clear and now hold over the key $26 level we observed yesterday.

Of course, beyond the Dollar action itself are the potential cross-currents and inverse relationships with other markets.

While the Dollar rallies again today, Treasuries are weak, and so too are most metals. Crude oil is attempting to rally as I write this, though, with USO holding its 50-day moving average.