DXY – NYBOT Dollar Index (Last:77.18)

NYBOT Dollar Index (DXY) price chart with targetsMuch as we hate to kick the dollar when it’s struggling, we’ll set the bar all the way up at 78.07 — a tick above a look-to-the-left peak made last Wednesday on the way down — before we certify any rally as the real McCoy.  Assuming DXY fails miserably to meet our criterion, expect the weakness to continue most immediately down to 76.75, a Hidden Pivot tha comes from the hourly chart.