DXY – NYBOT Dollar Index (Last:80.32)

The Dollar Index is getting slaughtered in off-hours trading Sunday night, suggesting larger bearish forces are at work than the down-pattern visible on the hourly chart.  If the selling goes impulsive on the daily chart by exceeding 79.51 to the downside, we might infer that the bear cycle begun exactly a year ago from 86.87 has resumed.  If so, the relevant midpoint support at 75.89 would be in play as a minimum downside projection.