DXY – NYBOT Dollar Index (Last:73.07)

NYBOT Dollar Index (DXY) price chart with targetsIf you’re betting against the dollar, it looks like you’ll have the wind at your back down to at least 72.26, a Hidden Pivot support whose provenance is shown in the chart.  Judging from the way sellers bombed another, far more important, one at 73.51, I wouldn’t count too heavily on a big bounce from 72.26, even if it might suffice for scalpers.  A major target at 68.36 is unlikely to be reached without an intervening, strong upthrust, but evidence continues to mount that it will indeed be achieved.