February 10th, 2012
Published Daily

DXY – NYBOT Dollar Index (Last:80.44)

by Rick Ackerman on February 8, 2010 6:22 am GMT

The Dollar Index came within 0.10 points of reaching a longstanding target at 80.78 on Friday, and I’d be surprised if  this Hidden Pivot fails to contain the rally for at least a week or two, if not significantly longer. The resistance is not chopped liver, as we sometimes like to say, and if it were to be easily swept aside, it would be warning dollar bears to dive for cover.



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