DXY – NYBOT Dollar Index (Last:80.40)

This flying wad has stalled at the 80.57 midpoint resistance associated with an 82.30 rally target.  My hunch is that benighted buyers of the dollar will eventually push past the resistance, but we shouldn’t infer that its sibling target will be reached until such time as DXY has closed for two consecutive days above it.  On the off-chance that Europe and its ill-fated currency go into an impressive death rattle in the days/weeks ahead, we can use a Hidden Pivot at 78.37 for a downside target.