Am using UUP as a proxy for the $USD. On this chart the blue channel is largely contained within a larger channel bordered by a pair of black dashed trend lines. UUP’s decline has been halted (so far) at the lower black dashed trend line. Assuming UUP will advance further, where might it run into major resistance – at the solid blue trend line, or at the upper black dashed trend line? Assuming one of the trend lines will contain the advance (it may not) it could mean the difference between a little bear and a bigger bear for the PMs.