In late July, the US dollar
broke below an uptrend line that it has held for 10 years. It then moved sideways until September 18, making large bullish
divergences until it surged upward on September 21. Despite the upward move, DXY
was decisively rejected from a retest of the 10-year trend line
. We've now crossed back downward on the daily MACD
. I'm thinking there's a good chance it makes another upward oscillation from here, but for the moment it looks like the 10-year trend line
is the ceiling to sell.