UDN – U.S. Dollar Bear (Last: 27.23)

Last week’s high at 27.70 fell well shy of a Hidden Pivot target at 28.74, so there’s still room for the Dollar Index to fall anew (it moves inversely with UDN).  A two -day close above 27.53 would signal the likelihood of renewed weakness in the greenback, since that’s the midpoint pivot tied to the 28.74 target.