DXY – NYBOT Dollar Index (Last:74.99)

NYBOT Dollar Index (DXY) price chart with targetsThe dollar has been getting savaged lately, but please note that it is within pitching wedge distance of a compelling Hidden Pivot support at 74.48 (see inset). Currency traders should keep close watch, since it’s hard to imagine that DXY will not take a tradable bounce from within a few ticks of that number.  Accordingly, scalpers should prepare to short the euro and yen with very tight stops when this happens.