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The U.S. Dollar has lost over a third of its value inside of the 10-year falling channel above, leaving it little to brag about as it continues to create a series of lower highs! Over the past year the US$ has held on a small rising support line.
The falling channel and rising support line has created a flag pattern, that has to end soon at (2), which should cause the Dollar to pick up volatility. The Dollar looks to have created a bearish head & shoulders pattern with the year long support line playing the part of the neckline.
We will soon find out if the US$ will have something to brag about or just more of the same!
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