The US Dollar Index (DXY) found support at 85.14, a pivot that bolstered the last leg of strength in late May/early June. A sustained clearance of the 85.90 pivot targets the 14-day MA, then the mid 87 region, which correlates with left shoulder resistance of a possible head & shoulders pattern. In the event that 85.14 support is lost, however, then focus immediately shifts downward towards the 100-day MA.
