The Dollar Index has exceeded the 83.56 target show in the accompanying chart by a decisive 46 cents. This suggests there may be enought power to push DXY into the uppers 80s, where a test of 2008’s recovery highs awaits. A two-day close above 83.98 would likely clinch it, since that is the midpoint resistance of an even larger pattern begun from 75.89 last September. _______ UPDATE: This morning’s nasty plunge has brought into sharp relief a bearish pattern on the daily chart that yields a 79.01 midpoint support. We’ll use it as a minimum downside target for now. It looks like the way down could be quite choppy.