It’s quite a challenge for me to keep from trash-talking the dollar, since I admittedly lack the imagination to find an even remotely plausible reason for it to rally — other than a purely technical one. Be that as it may, yesterday’s logic-challenged thrust surpassed the first of three peaks on the daily chart that will need to be dispatched to clear the way for an intermediate-term rally of perhaps 3-4 weeks.  Accomplishing this would require a mere puddle jump to 78.70, just 0.41 points above yesterday’s 78.29 high. This modest feat seems a foregone conclusion at this point but we’ll hold the one-handed applause until such time as it actually happens.