The Dollar Index continues to flirt with catastrophe, having exceeded a crucial midpoint support at 83.45 yesterday by 0.03 points. I”ve already predicted that DXY will fall to at least 80.05 if the support is breached decisively, which has yet to happen. Alternatively, the index would need to print 84.99 on a rally to get out of immediate jeopardy. The tiny but technically crucial look-to-the-left peak this would exceed is shown in the accompanying chart.
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