Courtesy of Chris Kimble
For the majority of the past 9-years, the US Dollar has created a series of higher lows and higher highs, creating a long-term rising channel.
The weakness over the past 9-months, has King$ slipping below a potential cluster of support at (1).
The 88-89 level has come into play as support and resistance numerous times since 2008.
Until proven differently this level first comes into play as support.
If the level fails to hold as support, King$ could lose another 5% quickly!
What the US$ does at the 88-89 level, will send a very important to Gold, Silver, Commodities and interest rates!
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