The pogo-stick bounces from moderately important Hidden Pivot supports have not been able to sustain loft, hinting of still lower prices to come. As a result, although short-term lows have been precisely predictable, bottom-fishing has yielded gains only to scalpers. The 72.93 target given here earlier is still where I think DXY will get traction, but here are two lesser pivots you can use in the meantime as minimum downside objectives: 74.36, and 73.79. Either can be bottom-fished with a very tight stop-loss, but as always, a decisive breach will indicate more downside to the next.
DXY – NYBOT Dollar Index (Last:75.09)
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