If that breaks, which the near term trendpattern suggests it will, the U.S. dollar will be vulnerable to a retest of the Oct. 17 low at 78.93 and the Sept. 14 low at 78.60.
However, the patterntrend could also be attributed to the recent heritage-driven influx of men's accessories shops, specializing in the little things that make a man stand out.
Ascending channels can be bearish if you get a definitive break below the lower trend-line of the pattern, but we never got that break, thus we were never prompted to stop following the upward trend.