The Dollar Index was just a split hair from breaking out above not only mid-February’s important peak at 80.12, but also a series of smaller ‘external’ peaks recorded toward the end of January. The closest Hidden Pivot resistance, 80.36, lies in their midst, but DXY looks too pumped at the moment to stall for long. Once through this thicket, a crucial high at 81.78 recorded on January 13 would likely become magnetic, as would an equally important high at 83.56 from last August. If this bull run, begun nearly a year ago, is headed to 90 and above, we should start to see each new thrust on the hourly chart effortlessly create a new impulse leg.
