The dollar’s steep correction since late September will have three good chances to bottom in the weeks ahead, respectively at 101.82 (0.04 from Sunday’ night’s low), 101.03 or 100.18. That last Hidden Pivot support comes from the largest ABCD pattern shown in the chart (thumbnail inset) and should be familiar to those of you who have been following my Dollar Index forecasts. It seems the most likely of the three pivots to produce an important low, although the two Hidden Pivots above it will be tradeable for bounces, at least, via tightly stopped bids.
DXY – NYBOT Dollar Index (Last:102.17)