This is struggling to move out of the downward trend. I see the 50DMA as a critical level for it to beat if we are to see a move up. I can see this trying once more (see RSI where there is currently upward momentum) but if it fails once again at the 50DMA then I think we might see a final dump to possibly complete the Giant H&S formation down at 110.5 which could be a reasonably worthwhile short to take on.