Anyone looking for support near 80 got a nasty dose of reality last week when the number evinced almost no discernible support. This is notwithstanding the fact that DXY had touched 80 four times previously this year. Now, the Dollar Index will have a chance to turn around from just below, at a 79.08 Hidden Pivot. But if support there fails, we’d be looking at 77.34 as the likely next stop. Both of these targets are easily found on the daily chart, where A=84.56 (7/13) or 86.30 (6/29).
