Metric comparing the strength of the dollar to a set of other fiat currencies printed by our trading partners. Fundamentally, trade wars aren't a new dilemma, but could encourage weakness in the dollar near-term especially if they continue,intensify, or grow in scope.
Technically, the rising wedge could show support from fundamentals and bring out some attributes of this rising wedge. DXY is an interesting indicator to keep an eye on if you are trading USD pairs.
Thanks to @CarpeNoctum for the heads up on this one
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The president's comments about wanting a level playing field with China (who is also in the process of currency debasement their RMB ) is disconcerting if you hold a majority of your wealth in US. In essence, Trump wants the private federal reserve banks to print more dollars, to match that of the ECB and PBOC. I expect the past support of the ascending wedge to now become resistance to further strengthening of the dollar, and for QE to resume, and for interest rates to recede at even the slightest hint of economic instability. I read a great article on Forbes about how BTC is design for systemic stability, where the price may be volatile, but the system itself is stable. The federal reserve does the opposite in that the currency is stable, lacking the volatility we see in the crypto markets, but the system itself is inherently unstable, see 2008 housing/market crash, current derivatives and credit bubble, and rising stock prices. Any hint of systemic instability and they (feds) must find a way to introduce methods to maintain the systemic stability. It's really an interesting trade-off.
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The Fed has now decided to pump Billions of $$ into the banks everynight due to liquidity crisis and a wildly volatile overnight interest rate (interbank lending). Originally noted as just a fix for a systemic anomaly, it is now continuing on a nightly basis. This is because the system is inherently unstable, and the Fed needs to maintain interest rates across the board to appear in control (see comment above).