DXY – NYBOT Dollar Index (Last:78.31)

Friday’s carnage breached June’s key low, returning a 76.59 downside target to the spotlight. That is now my minimum downside objective, subject to bear-rally feints and forays to 79.03, the Hidden Pivot midpoint associated with the target.  More immediately, a lesser pattern projects to 77.68, the first place were we might expect a tradable bounce. Alternatively, it would take a pop this week exceeding 79.78 to turn the hourly chart bullish again.