DXY – NYBOT Dollar Index (Last:87.18)

NYBOT Dollar Index (DXY) price chart with targetsSomeone in the chat room wondered yesterday whether the dollar’s strength might be ebbing, but look at the chart yourself and cease to wonder.  I see only a consolidation for a push to at least 89.62 that, once it gets started, will be impervious to supply. Gold has more than held its own during the dollar’s curious run-up, and so we shouldn’t be too concerned about the prospect of yet more strength in its paper nemesis.