DXY – NYBOT Dollar Index (Last:101.98)

The dollar picked up no support on the way down through p=103.33, but that does not necessarily portend another failure when it reaches the ‘D’ Hidden Pivot support at 101.03. However, the seven days of distribution that have occurred since the drop from p to p2 have likely tilted the odds toward a breach of D. If a decisive one occurs, use 100.18 as a new minimum downside projection. That is the D target, on the daily chart, of A=113.15 on November 3.