DXY bull running out of steam?

With the Fed restarting QE...sorry, "NotQE" the dollar bull market is going to start facing some headwinds. Monetary policy has a variable lag so the exact timing of this is obviously hard to pin down but look for a sustained break under the 200 day moving average and/or a fall underneath the long running channel extending back to January.

And an important note on the RSI as it relates to ForEx--just treat it like a simple momentum indicator and ignore "overbought" or "oversold" conditions as those terms really don't apply to spot ForEx.

I'd look to fade the DXY when it nears the top of this channel going forward.