We are very close to starting the next leg down in the US dollar
. We could not hold above the 95 area and we can see the uptrend since march is weakening quickly. Once we break the black trendline
I am short and the first stop should be back to 93. There are two possible wedges
I could see today however over the next few months we could see 80 in the DXY
. Especially with the trade war which is bad for America, rising oil
prices and rising bond yields, this seems to be a deadly combination for the dollar.