DXY – NYBOT Dollar Index (Last:104.50)

The long-term picture shows the dollar’s three-year-old bull market to be mildly resurgent. Although the most recent rally failed to punch past October 6’s 107.35 peak, the move to p2=106.44 was sufficient to keep the chart constructive. Specifically, DXY would become an appealing ‘mechanical’ buy if it comes down to the green line (x=102.56).  Thereupon, a one-level move back to at least p=104.50 would be more or less assured, even if further upside to p2, or to D=108.38, would probably be no better than an even bet.