The long term look at the US Dollar (USD) shows price below the 1992 low, below the 1×1 descending angle, and with the 2009 high below the 2005 high. There is not much, if anything, to make anyone interested in the long side of the US Dollar.
The recent bounce after the 2001-2008 USD bear market put in a head and shoulders top and is now below the 1×1 ascending angle and testing the 1×2 angle.
Zooming in on the 2008-2009 bounce shows price in a weak position below the 1×1 descending angle and below the 50% retrace. A bounce back to the 1×1 angle would not be surprising, but also is not required before another push lower.
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