DXY – NYBOT Dollar Index (Last:104.32)

The dollar got hit hard on Thursday, but the weekly chart shown in the thumbnail inset puts it in perspective. DXY has been scuddling sideways since December, and there is scant evidence it will break out of the approximately five-point range in which  it has spent most of 2024. It would pick up voodoo-number support 90 cents below, at 103.18, but sellers would have to pound it through p=100.57 to create even a hint of trouble.  Regardless, D=93.78 is theoretically in play, so we should keep close track of lesser abcd patterns to determine which way the wind is blowing. _______ UPDATE (July 28): Zzzzzzzzzzzzzzzz.