DXY – NYBOT Dollar Index (Last:77.19)

NYBOT Dollar Index (DXY) price chart with targetsBoth major and minor downthrusts have consistently failed to produce Point ‘B’ lows that exceeded some obvious external low.  That is the same as saying they have been “sausage,” with the implication that any bearish targets derived thereof will not be as reliable as those produced by “legitimate” impulse legs.  That said, the visual logic of the pattern shown yields a passable target at 76.15, and it is that Hidden Pivot that I will suggest using as a minimum downside objective for the near term.