The dollar is getting whacked Sunday night, creating a bearish impulse leg on the 180-minute chart. The move will be just noise, however, until such time as the 77.09 low from January 5 gets taken out. Just below it, at 76.83, is another benchmark by which we might judge the power of this selloff. That’s a Hidden Pivot support, and if it’s exceeded by 0.10 or more intraday, or on a closing basis, it would imply yet more slippage as the buck struggles to consolidate.
