King Dollar Cracks: The Decade-Long Trend Snaps

The regime change may finally be here.

For over a decade, the U.S. Dollar Index ($DXY) has traded within a massive ascending channel that defined the post-GFC era. That structural support has now given way - it seems.

After rejecting the 115 level in late 2022, the dollar has steadily eroded, finally slicing through the primary trendline support that has held firm since 2011. This may not be a technical glitch but a fundamental shift in the multi-year chart structure.

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